Housing GSO: HRA Greensboro Affordable Housing Plan

NEIGHBORHOOD REINVESTMENT

CONSOLIDATE REHABILITATION PROGRAMS | Recommendation

ensure the rehabilitation process is streamlined both internally and externally to program participants, these varied dollars must be integrated into a single system. This will enable the City to deploy federal, local, and non-profit funds simultaneously across different programs and efficiently pursue additional dedicated rehab funding. The City should deploy funds to both incentivize exterior improvements and ensure the affordability of needed repairs. All home rehabilitations should be required to include exterior components (such as painting or landscaping). Exterior funding can be given as a grant to anyone receiving rehab funds. For any project where total costs are $10,000 and under, the City should provide rehab assistance as a grant. For projects above $10,000, the City should provide a zero- percent interest loan, with no payments while the resident remains in the property. Upon sale, if the home is sold to another income- qualified family, the loan should be fully forgivable.

To streamline internal processes, NDD should oversee implementation related to real estate and affordable housing development in areas of reinvestment. To improve efficacy and program delivery, NDD and the Planning Department should consolidate existing programs and maintain open channels of communication across departments. To complete more rehabs, better serve existing homeowners, and deliver move-in ready homes for qualified homebuyers in areas of reinvestment, City staff will need to monitor a larger number of home repair and rehab projects. Improving overall coordination on rehabilitation projects across NDD and Planning, while providing NDD with consolidated oversight on development activities in areas of reinvestment, will allow the City to be more strategic in its infill and rehabilitation investments and ensure that public resources are being utilized efficiently. The City should also create a streamlined system to integrate multiple sources of funding and award grants and loans in a strategic manner to complete projects. To

HOME funding

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Federal Sources

CDBG funding

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City Housing Bond

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Local Sources

Lien payments from owners

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CFGG grants

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Non-Profit Sources

Other philanthropic donations

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HR&A Advisors, Inc.

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