I'd leverage the cash made from the sale
into affordable rental properties in the South or Midwest.
Not exact matches
Schneiderman is now announcing another $ 4 million in funding to help turn some abandoned
properties into affordable rental housing.
Launched «Neighbors for Neighborhoods» in August 2016, a $ 4 million pilot program that will enable land banks to provide subsidies for local community members to take over individual, abandoned
properties and convert them
into long - term
affordable rental units.
The Fed paper also addresses converting foreclosed
properties into affordable rentals.
Even though the capital that tenants put
into their
rental property technically doesn't go toward a long - term investment, it's still a more
affordable option.