RESEARCH

Housing Finance Products

 OPPORTUNITY

  •  Slow Southland housing market recovery, but:

  • Markets accelerating and diverse Southland communities attractive to next-generation home-seekers 

 

 BIG IDEA

  •  Leverage a new suite of financial products and tools to aid existing homeowners, create new homeownership opportunities, and strengthen the rental housing stock.

 

 DETAILS

  •  Forgivable home improvement loans of $5000 for home improvements

  • Down payment assistance for new homeowners and targeted areas

  • Developer Incentives to revitalize existing housing stock

  • Return foreclosed properties to productive use

  • Employer-Assisted Housing Fund

  • South Suburban Troubled Buildings Program 

 

STATUS

  • Target programs to places of greatest impact

  • Additional engagement with stakeholders to align products with demand

  • Identifying funding sources and further partners

 

BUILDING ON THE SOUTHLAND’S ASSETS