The Moderate Income Housing plan will offer guidance on the various levels of housing that are needed in our community. We will engage with our residents, stakeholders, community leaders and policy makers to 1) identify needs; and 2) consider various tools to build housing as we refine our housing goals and policies. These tools can be placed into broad categories including:
- Development tools – which include zoning changes, establishing public-private partnerships, and fast-tracking development processes;
- Community housing tools – such as down payment assistance or shared equity programs;
- Funding Sources – which pursue various federal, state, regional and local funding assistance.
Ultimately, we expect to see a multilevel implementation strategy that uses various tools, funding approaches and other strategies to address affordability gaps.