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Mixed Finance Structures
- Mixed financing is the most important financing tool available to SFHA that is revitalizing distressed public housing.
- It utilizes the formation of new public and private partnerships to ensure long-term sustainability of public housing.
- The goal of mixed-finance development is to leverage or bring in substantial additional public and private resources not previously available to SFHA. As federal funding for public housing modernization dwindles and aging public housing capital improvement needs soar, outside leveraged public and private resources are critical for building market quality affordable replacement housing. Mixed-finance developments may be mixed-income, partially pubic housing, or all public housing.
- All public housing mixed-finance revitalization can leverage tax credit equity, but not other private funding such as private mortgage financing and mortgage revenue bonds since public housing operating subsidies cannot be used to pay debt.
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