
What could the
Housing Bank funds do?
(Quicktime Movie)
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 here is no silver bullet that will solve everything. There are a variety of Island-wide opportunities that together could have a huge impact — if we had reliable funding for them.
Possibilities include:
- Funding down payment and mortgage assistance
- Converting summer rental properties to year-round rentals
- Moving existing houses marked for demolition
- Rehabilitating properties making them suitable for year-round rental
- Granting funds to organizations that create affordable housing i.e. Habitat for Humanity
- Designating housing for essential service employees
- Providing financial assistance to reduce density and cost of affordable housing projects
- Revitalizing town centers — rehabilitate historical façades and create year-round living space on upper floors of commercial buildings
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