5 – LAND BANKING – Column 5
Acquiring property is only one half of the work being done to carry out this strategy in the community. INHP also attracted for-profit and nonprofit developers that wanted to pursue the development of affordable multifamily housing. In 2020, eight of the 10 properties had purchase agreements in place with developers.
We hold each site until developers can prepare site plans, engage with the neighborhood, seek zoning changes as needed and prepare optimal financing.