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
HR&A Advisors, Inc.
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