This area map shows affordable multifamily housing projects—including those using HOME funds and those without—that have been in various stages of development over the last two years. All are private developments. Other types of financing used in these projects include Low Income Housing Tax Credits (LIHTC) and Pri-vate Activity Bonds (PAB) and are awarded on a competitive basis.
Investing $2.5 million in federal HOME funds, the Division leveraged $112.5 million in private and public funds to create:
622 affordable housing units
$72.7 million local income*
We help create housing for the most vulnerable
$799 median rent
262 senior and ADA units
65 permanent supportive housing units
300 units for working families making 60% or less than the median income
*According to the National Association of Home Builder’s Economic Impact of Home Building in a Typical Local Area (2015), multifamily construction creates 161 jobs and $11.7M in local income per 100 units.