How the City Creates Affordable Housing
We may sell land or buildings at discounted prices. We may also offer federal and local funds to provide loans with favorable terms. We make sure to help proposals that offer the greatest public benefit.
Developments can create affordable rental units or homes. Proposals may include:
- new single, two-family, and multi-unit homes, and
- renovations to existing and vacant buildings.
Funding requests for proposals
Through Requests for Proposals, we make federal and local funds available to support affordable housing. Developers use public and private resources to complete their projects.
Rental developments usually service a mix of incomes. For proposal with 10 units or more, we require that at least 10 percent of the units be set aside for homeless households.
We support developers throughout their projects, and can help find eligible tenants for rental buildings.Our standards
All proposals must meet our underwriting policies and our standards for:
- good design, and
- community support.
Ownership proposals also need to meet our standards for livability, owner occupancy, and affordability. We work with developers from concept to construction. This helps ensure that a proposal becomes a success.