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Strategy Toolkit

Strategy HC2.1: Identify local funding sources for residential or commercial projects that meet locally-set affordability criteria. Identify ways for developers to connect to these funding sources.

Strategy Description

Local funding for affordable and/or sustainable housing development comes from a variety of private- and public-sector sources. Connecting developers to these funding streams is a key component of a region’s affordable housing approach. Local funding strategies include connecting non-profits with local lenders to provide pre-development and acquisition financing, general obligation bonds issued by local governments to support locally-set standards, and creation and expansion of housing trust funds.

Additional Information / Case Studies

Recommendation

HC2: Promote the development of a variety of housing options available to a diversity of income levels.

Scale

Local