Neighborhood Vision 2025
Reduce Housing Stress
Stable, affordable housing is a key social determinant of health. MidTown must continue to be a home for residents and families of all backgrounds. Addressing long term affordability and displacement issues will require a multi-faceted approach to expand paths to purchase and homeownership. Financing, programming, and assistance are needed to reduce the stress often felt by local families in trying to maintain their homes or remain in the community as real estate prices fluctuate.
Reduce Housing Stress
Action
Retain & Maintain Existing Naturally Occurring Affordable Housing (NOAH)
Retain NOAH by offering assistance for rehabs and system upgrades. Making housing improvements more affordable for homeowners may also protects rental prices in the area from spiking to due to cost-burdened property-owners.
Near-Term Actions
Work with banks and the City to create a lending approach based on house assessment; Explore options to provide an assessment;
Work with partners to create an approach to providing grants and/or low-interest loans for those in need;
Connect with City to identify next steps
Type of Action
Programming & Fundraising
Looking For
Home-Owners
11B
