The department targeted 23 properties, representing 460 units, it considers at-risk, high priority of losing their affordability restrictions.
City officials have identified four potential funding sources to expand affordable housing preservation, including the federal HOME program, the state Permanent Local Housing Allocation (Senate Bill 2) and Linkage Fee funds. But officials are wary of the state and federal funding sources because there are specific usages if the city were to be awarded the money, according to City News.
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