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Williamsburg pursues banking partnership to fund affordable housing

Initiative could be jump started by unspent COVID relieve funds

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Williamsburg Independent editor George Arbogust discussed a potential plan to address the city’s affordable housing shortage through a new banking partnership with an yet undisclosed financial institution. The goals is to fund recommendations from the city’s 2021 housing study. This initiative will be bolstered by approximately $900,000 in unspent COVID relief funds.

Key redevelopment targets in the downtown core include The Blayton Building, which serves as public housing for elderly residents and the city-owned Triangle Building, which is targeted for demolition to make way for mixed-use development featuring ground-floor commercial space.

A Williamsburg Independent contributor used AI tools to create this summary of the following original report:


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