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City of Greensboro 2016 Housing Bonds

City of Greensboro 2016 Housing Bonds. NCHFA Housing Works Presentation October 7, 2019. City of Greensboro 2016 Bonds. Timeline for the Housing Bonds. Jan – Feb Community Housing Conversations March 2016 Housing Summit April Bond Package Preparation

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City of Greensboro 2016 Housing Bonds

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  1. City of Greensboro 2016 Housing Bonds NCHFA Housing Works Presentation October 7, 2019

  2. City of Greensboro 2016 Bonds

  3. Timeline for the Housing Bonds • Jan – Feb Community Housing Conversations • March 2016 Housing Summit • April Bond Package Preparation • May Affordable Housing Economic Impact Reports • June NC Local Government Commission Review • July City Council approval for public hearing • August City Council Public Hearing • November Referendum

  4. Residents offer ideas to ease affordable housing crisisBy Eric Ginsburg- February 10, 2016

  5. Affordable Housing Economic Impact Analyses • "Affordable Housing in Greensboro: the Challenge and the Benefits" prepared by Dr. Keith G. Debbage of University of North Carolina at Greensboro. • "Economic and Community Impact of Affordable Housing Investment" prepared by NC Housing Coalition.

  6. City Bonds On The BallotPosted by John Hammer | August 4, 2016 • ** has said at previous meetings that increasing the amount of affordable housing in the community will attract more people who need affordable housing to the city, putting more strain on other city and county services. He said it was taking the city in the wrong direction. • “No GSO Bonds” signs have already been spotted around the city, so there is a chance that, unlike past city bonds, this one could have organized opposition.

  7. City of Greensboro's Bond Meeting Triad Conservative October 17, 2016 • Here is a nutshell summary. None of the proposed bonds funds a core function of local government that ordinarily ought to be financed with debt. • I recommend citizens vote "no" on all four bond packages. It is a transparent effort to redistribute income from taxpayers to certain groups of favored people; and to fund numerous unnecessary items.

  8. $25 Million Housing Bond Passes • Prioritizes Workforce Housing, East Greensboro and Rehabilitation programs • Maximizes leverage dollars

  9. Printworks Lofts Apartments • Adaptive re-use of mill • 4% LIHTC and historic credits • 217 units • $1.2 million housing bonds • $53 million total development cost

  10. Workforce Housing • Revamp and expansion of homebuyer education, counseling and down payment assistance program • Serves up to moderate income (120-140% of AMI) • 217 new homebuyers in the first year

  11. For more information: Contact • Cynthia Blue – Manager, Housing Services Division Cynthia.blue@greensboro-nc.gov 336-433-7376 Housing Reports and Bond Info • www.greensboro-nc.gov/housingourcommunity • www.greensboro-nc.gov/government/2016-bond-referendum-approved

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