Affordable Housing Grants for Predevelopment Costs

The upfront costs of initial site studies for a development project can be a significant barrier to the development of low-cost housing as potential affordable homebuilders fear that the expense of exploratory environmental site studies may not be recouped.

Local governments can encourage affordable housing development by assuming this risk and financing the costs of environmental and other studies, either as a grant or seeking repayment at zero or low interest at the end of construction.