OPPORTUNITY
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Slow Southland housing market recovery, but:
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Markets accelerating and diverse Southland communities attractive to next-generation home-seekers
BIG IDEA
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Leverage a new suite of financial products and tools to aid existing homeowners, create new homeownership opportunities, and strengthen the rental housing stock.
DETAILS
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Forgivable home improvement loans of $5000 for home improvements
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Down payment assistance for new homeowners and targeted areas
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Developer Incentives to revitalize existing housing stock
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Return foreclosed properties to productive use
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Employer-Assisted Housing Fund
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South Suburban Troubled Buildings Program
STATUS
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Target programs to places of greatest impact
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Additional engagement with stakeholders to align products with demand
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Identifying funding sources and further partners
BUILDING ON THE SOUTHLAND’S ASSETS