Priority Area: Housing & Climate Nexus
Barrier: Financing

Challenge/Local/State

Description

Local Solution
(Type of Activity: Policy/Planning/Land Use )

Establish local and regional pooled housing trust funds and collaborative financing vehicles—leveraging public, private, and CDFI capital—to provide flexible, low-cost, patient loan products that allow affordable housing projects to move forward despite state and federal funding delays.

Existing Examples of Progress: The Lift to Rise Revolving Loan Fund in the Coachella Valley is a regional best practice, combining public allocations (state, county, SCAG) with private community development financial institution (CDFI) dollars to create “flexible, low-interest, patient loan products for affordable housing developers.” This model allows projects to move forward despite state and federal funding delays
Region: San Francisco Bay Area, Inland Deserts

Do you have any feedback on this item?

If you have examples of examples and best practices, some pathways for progress on these issues or feedback or additional details on the item please let us know so that we can add to our knowledge base!

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.