Housing Bonds

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HOUSING BONDS: $25 million

Housing Bond 2Overview
Bond funds will be used to buy, build, improve or otherwise equip multi-family and single-family homes for people with low or moderate incomes. Projects may include housing or neighborhood revitalization programs or providing loans and grants to individuals, developers or other organizations.

Bond Projects:

  • Workforce Housing Initiative - development or buyer assistance for 320 units
  • Code Compliance Repair - revolving loan fund for 120 repairs with priority liens
  • East Greensboro Housing Development - revolving loan fund for 80 housing units in East Greensboro
  • Handicapped Accessibility Improvements - modifications for 80 units
  • Supportive Housing Units for Homeless/Disabled/Veterans - development of 27 supportive housing units
  • Non-profit Homebuyer -- revolving loan fund for 50 low income homebuyers
  • Emergency Repairs - 150 units of heating systems, lead-based paint, health hazards or emergency repairs
  • Multi-Family Affordable Housing Development - 150 affordable rental units
  • Homeowner Rehabilitation - 30 homeowner occupied units

Total Bonds: $25 million
Total Projected Units: 1,007
Total Projected Leverage: $54 million


Housing bond 1