Two innovative community development funds are behind big impact on affordable housing in New York and Colorado. Enterprise Community Partners spells out how they're structured, the lessons they've learned, and why it's not that scary.
Abby Jo Sigal and Melinda Pollack of Enterprise Community Partners get into the details of two community development funds: The New York Acquisition Fund and the Denver TOD Fund.
A snippet from each:
The New York Acquisition Fund filled a need for affordable housing developers in New York City. In 2006, Enterprise created the fund and since it's become one of the only sources of affordable housing acquisition financing available.
Meanwhile, the Denver TOD Fund is new, and totally noteworthy. It's the first in the country to meet the needs of a community struggling to ensure that affordable housing is included in development around a rapidly expanding transit system.
FULL STORY: Two Structured Community Development Funds: A Peek at How They Work
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