Council delays land bank, allocates $75K for landlord fund | Apartment Loan Depot Since 2005 – Fannie Mae and Freddie Mac Multifamily Loans Nationwide

(RECAP: The Charlottesville City Council has delayed the creation of a public-private, nonprofit land bank corporation, but has agreed to allocate $75,000 to a new city Landlord Risk Reduction Fund. After the council adopted a resolution outlining a variety of potential housing-related programs and initiatives in June, city officials and local community members have worked methodically in recent months to flesh out those thoughts, which are meant to help with the development of more affordable housing in the city.)