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Rental Housing Program <br />Innovation & Opportunity Fund <br />23 <br />Estimated Funding Amount: $35 Million <br />Goal: Respond quickly to capture market opportunities, preserve and expand affordable housing, tenant anti-displacement <br /> <br />Program Possibilities - Examples: <br />Rapid response high-opportunity pre-development and site acquisition loans <br />Purchase problem motels and convert to affordable housing <br /> <br />Bond-qualified rental anti-displacement opportunities <br />Acquire apartment buildings on market to renovate and make/retain affordability <br /> <br />Countywide Allocation <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />