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City staff and Grow America outline housing tactics: CDBG home repair, missing-middle, opportunity zones, and HFC/PFC options
Summary
Consultant Maureen Milligan and staff presented a housing needs assessment with four priority tactics: a CDBG-funded home-repair program, encouraging missing-middle housing, pursuing Opportunity Zone designations to attract investment, and creating Housing Finance and Public Facility Corporations to enable tax-exempt financings.
Richardson city staff and consultant Maureen Milligan (Grow America) reviewed a housing needs assessment and recommended four priority tactics to expand and preserve housing: a federal Community Development Block Grant (CDBG)-funded home repair program, proactive measures to enable missing-middle housing, pursuing Opportunity Zone nominations to attract private capital, and establishing a Housing Finance Corporation (HFC) and a Public Facility Corporation (PFC) to broaden financing options.
Milligan told council CDBG funds could support a targeted home-repair program…
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