Housing GSO: HRA Greensboro Affordable Housing Plan

AFFORDABLE RENTAL HOMES

ESTABLISH HOUSING PRESERVATION FUND | Recommendation

A housing preservation fund will allow the City and its partners to pool funds so developers can access capital to preserve Greensboro's naturally affordable units.

A selected administrator makes a financial contribution, manages the fund, and originates and services loans to developers.

The City and its partners provide grant or low- interest capital to the fund to support below- market loans.

Funding Partners Philanthropic Banks Institutions

City of Greensboro

+

Fund Administrator

Preservation Fund

Developer

Developer

Developer

HR&A Advisors, Inc.

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