|Re: I'm frustrated- diverse finances||<– Date –> <– Thread –>|
|From: Dahako (Dahakoaol.com)|
|Date: Wed, 8 Jul 1998 11:57:38 -0500|
Hi - In the work I do at the U.S. Department of Housing and Urban Development, my observation is that most mixed income developments are accomplished by subsidizing some units, which are then designated "affordable" for some period of time. Depending on the design of the community, subsidized units may or may not be scaled down from those in the rest of the neighborhood. Subsidies take three main forms: cash (grants or loans), land donation or write-down, and sweat equity. Sources of subsidy include members of your community, community-based financial institutions, local foundations or nonprofit housing intermediaries, local government housing or community development departments, and state housing financing agencies. If you give me your geographic location, I can send you a list of the resources in your area that I'm aware of and you can pass the info through to your group. I also have some Web URLs you can ransack for more info. Jessie Handforth Kome Eno Commons Durham, NC Where my family and I are about two weeks from becoming the first residents of Eno Commons, but we won't be alone long! 10 other homes are underway and 5 more have construction contracts. Check out our web site (www.hawk- systems.com/web_pages/eno-commons/) for construction pictures. We still have 6 lots left.
- Re: I'm frustrated- diverse finances Lynn Nadeau, July 7 1998
- Re: I'm frustrated- diverse finances Lynn Nadeau, July 8 1998
- Re: I'm frustrated- diverse finances cynthia . e . carpenter, July 9 1998
- Re: I'm frustrated- diverse finances Matt Lawrence, July 9 1998
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