Establish a regional equity fund to provide long-term, no or low-interest financing that reduces the pressure on developers to produce immediate financial returns and that allows quick purchase of good sites. This helps market developers offer lower home prices and rents, and non-profits using traditional government funding to acquire sites in a timely manner. The Tri-Commission’s equity fund should involve investment by anchor institutions and private investors with a vested interest in the region. Funds gathered from inclusionary zoning provisions could also flow through or be managed by this fund.
Promote shared-equity homeownership programs, available through community land trusts or regional housing providers, such as what is available through the Windham and Windsor Housing Trust. Establish a local revolving loan fund for affordable housing or local housing trust fund.