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Greensboro Housing Fund

Financing for creating and preserving affordable multifamily rental housing in Greensboro, North Carolina 

 

The Greensboro Housing Fund (GHF) aims to help create and preserve affordable housing in Greensboro, North Carolina. The Community Foundation of Greater Greensboro, Pinnacle, Wells Fargo, and Self-Help are partnering to fund and administer the program. 

GHF loans provide permanent gap financing for nonprofit and for-profit developers to acquire, refinance, create, rehabilitate, and preserve affordable multifamily rental housing in Greensboro. See below for more details on program terms and eligibility. 

 

Eligible Projects

  • For existing properties or land to develop affordable housing. 

  • Must be located within the City of Greensboro. 

Benefits of the Greensboro Housing Fund 

  • Offers advantageous mezzanine financing. 

  • Enables developers to save money that can be used to preserve affordability in housing projects. 

  • Loans can be used to acquire, create, rehabilitate, refinance or preserve affordable housing units. 

  • Access to in-house legal and real estate development expertise. 

  • No prepayment penalty. 

  • Low (1%) origination fee. 

 
Greensboro Mezzanine Financing

Permanent Mezzanine Financing for Affordable Housing Properties

  • Term: Up to 15 years
  • Amounts: $250,000 to $8,000,000
  • 3.50% and 5.0% rates available
We encourage you to share this opportunity with qualified developers and partners. Download a printable (PDF) flyer about the program here.