City of Greensboro launches Rise Infill loan program to spur commercial redevelopment

The City of Greensboro announced the launch of Rise Infill, a loan participation program designed to encourage redevelopment of underutilized commercial properties, renovation of vacant or aging buildings, and mixed-use investment in designated reinvestment areas and corridors across the city.

The announcement came in the city’s weekly flash briefing. The presenter said the city will participate in loans originated and underwritten by participating private lenders to help leverage additional private investment into eligible commercial and mixed-use redevelopment projects. “Borrowers would work directly with participating lenders. They originate, underwrite and service the loans,” the presenter stated.

Rise Infill is described as the first initiative connected to the city’s broader emerging Rise framework, which the presenter said is intended to coordinate future economic development and redevelopment tools and initiatives. The briefing did not specify an overall program budget, loan-size limits, geographic boundaries for the designated reinvestment areas, or eligibility criteria beyond that program details are available online at greensboro-nc.gov/riseinfill.

City officials did not provide specific funding amounts or cite a local ordinance authorizing the city’s participation during the broadcast. The briefing framed Rise Infill as a public–private partnership model in which the city’s participation is meant to leverage private capital rather than to originate or service loans directly.

Next steps: the city directed listeners to the program webpage for application instructions and eligibility details; no dates were given for a public hearing or formal adoption of program guidelines in the briefing.