Housing Bonds

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Overview

2016 Bond TrackerIn October 2016, Greensboro voters approved the City to borrow up to $25 million for housing projects. 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.

Check the status of these project on the 2016 Bond Tracker.

Bond Projects:

  • Housing Bond 2Workforce 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