Program Summary¶
The Unit Creation and Conversion initiative provides high-quality, accessible living spaces for individuals and families, ensuring that more people can live in vibrant, well-designed communities. Under this initiative, the Community Redevelopment Agency (CRA) collaborates with developers to create affordable housing units. The maximum subsidy per unit varies based on the Area Median Income (AMI) percentage, with a maximum award amount of $350,000 per affordable unit. The affordability period for these units extends for 50 years, ensuring long-term availability for low-income residents.
