Greensboro program helps small developers bring buildings back to life

Added: 2026-05-28

[00:00:02]DOT WILL COORDINATE WHEN IT IS DOT WILL COORDINATE WHEN IT IS DOT WILL COORDINATE WHEN IT IS SAFE TO DO THAT.

[00:00:06]SAFE TO DO THAT.

[00:00:06]SAFE TO DO THAT. >> WELL, JUST DRIVE AROUND >> WELL, JUST DRIVE AROUND >> WELL, JUST DRIVE AROUND GREENSBORO AND YOU'LL SEE IN GREENSBORO AND YOU'LL SEE IN GREENSBORO AND YOU'LL SEE IN CERTAIN AREAS IN T OR AGING CERTAIN AREAS IN T OR AGING CERTAIN AREAS IN T OR AGING BUILDINGS. BUT CITY LEADERS BUILDINGS. BUT CITY LEADERS BUILDINGS. BUT CITY LEADERS SAY THEY SEE POTENTIAL AND ARE SAY THEY SEE POTENTIAL AND ARE SAY THEY SEE POTENTIAL AND ARE READY TO INVEST IN THAT READY TO INVEST IN THAT READY TO INVEST IN THAT POTENTIAL.

[00:00:17]POTENTIAL.

[00:00:17]POTENTIAL. >> TODAY THE CITY LAUNCHED A >> TODAY THE CITY LAUNCHED A >> TODAY THE CITY LAUNCHED A PROGRAM TO HELP DEVELOPERS PROGRAM TO HELP DEVELOPERS PROGRAM TO HELP DEVELOPERS REVITALIZE COMMERCIAL REVITALIZE COMMERCIAL REVITALIZE COMMERCIAL BUILDINGS. FOX EIGHT'S MELISSA BUILDINGS. FOX EIGHT'S MELISSA BUILDINGS. FOX EIGHT'S MELISSA RATA MAKER JOINING US FROM RATA MAKER JOINING US FROM RATA MAKER JOINING US FROM SOUTH ELM STREET WHERE WILLIS SOUTH ELM STREET WHERE WILLIS SOUTH ELM STREET WHERE WILLIS I KNOW YOU TALK TO LEADERS I KNOW YOU TALK TO LEADERS I KNOW YOU TALK TO LEADERS ABOUT HOW THIS PROGRAM WORKS.

[00:00:33]ABOUT HOW THIS PROGRAM WORKS.

[00:00:33]ABOUT HOW THIS PROGRAM WORKS. >> SO KATE MEALS SAY A >> SO KATE MEALS SAY A >> SO KATE MEALS SAY A DEVELOPER WANTS TO BRING NEW DEVELOPER WANTS TO BRING NEW DEVELOPER WANTS TO BRING NEW LIFE TO A VACANT BUILDING OR LIFE TO A VACANT BUILDING OR LIFE TO A VACANT BUILDING OR REVITALIZE AN AGING ONE. TAKE REVITALIZE AN AGING ONE. TAKE REVITALIZE AN AGING ONE. TAKE THIS ONE RIGHT HERE BEHIND ME THIS ONE RIGHT HERE BEHIND ME THIS ONE RIGHT HERE BEHIND ME ON SOUTH ELM STREET, FOR ON SOUTH ELM STREET, FOR ON SOUTH ELM STREET, FOR EXAMPLE, THEY GO TO THE BANK EXAMPLE, THEY GO TO THE BANK EXAMPLE, THEY GO TO THE BANK AND GET A LOAN, BUT IT DOESN'T AND GET A LOAN, BUT IT DOESN'T AND GET A LOAN, BUT IT DOESN'T COVER THE ENTIRE PROJECT. THE COVER THE ENTIRE PROJECT. THE COVER THE ENTIRE PROJECT. THE RISE IN FUEL PROGRAM IS THE RISE IN FUEL PROGRAM IS THE RISE IN FUEL PROGRAM IS THE CITY STEPPING IN WITH A SMALL CITY STEPPING IN WITH A SMALL CITY STEPPING IN WITH A SMALL LOAN TO GET THAT PROJECT LOAN TO GET THAT PROJECT LOAN TO GET THAT PROJECT ACROSS THE FINISH LINE AND ACROSS THE FINISH LINE AND ACROSS THE FINISH LINE AND HOPEFULLY REVITALIZE PARTS OF HOPEFULLY REVITALIZE PARTS OF HOPEFULLY REVITALIZE PARTS OF THE CITY.

[00:00:54]THE CITY.

[00:00:54]THE CITY. >> THINK THEIR LOCAL >> THINK THEIR LOCAL >> THINK THEIR LOCAL DEVELOPERS THAT DEVELOPERS THAT DEVELOPERS THAT >> REALLY WOULD LIKE TO INVEST >> REALLY WOULD LIKE TO INVEST >> REALLY WOULD LIKE TO INVEST IN THE COMMUNITY AND HELP US IN THE COMMUNITY AND HELP US IN THE COMMUNITY AND HELP US GROW THE COMMUNITY. AND THIS GROW THE COMMUNITY. AND THIS GROW THE COMMUNITY. AND THIS GIVES THEM THE OPPORTUNITY GIVES THEM THE OPPORTUNITY GIVES THEM THE OPPORTUNITY THAT IF THEY'RE RIGHT ON THE THAT IF THEY'RE RIGHT ON THE THAT IF THEY'RE RIGHT ON THE EDGE OF BEING ABLE TO MAKE EDGE OF BEING ABLE TO MAKE EDGE OF BEING ABLE TO MAKE SOMETHING WORK, THEY CAN SOMETHING WORK, THEY CAN SOMETHING WORK, THEY CAN REALLY MOVE FORWARD.

[00:01:11]REALLY MOVE FORWARD.

[00:01:11]REALLY MOVE FORWARD. >> NOW INTERESTED DEVELOPERS >> NOW INTERESTED DEVELOPERS >> NOW INTERESTED DEVELOPERS CAN APPLY THROUGH ONE OF 4 CAN APPLY THROUGH ONE OF 4 CAN APPLY THROUGH ONE OF 4 PARTNER BANKS IF THEY GET PARTNER BANKS IF THEY GET PARTNER BANKS IF THEY GET APPROVED FOR A BANK LOAN, THEY APPROVED FOR A BANK LOAN, THEY APPROVED FOR A BANK LOAN, THEY CAN THEN APPROACHED THE CITY CAN THEN APPROACHED THE CITY CAN THEN APPROACHED THE CITY ABOUT AN ADDITIONAL SMALLER ABOUT AN ADDITIONAL SMALLER ABOUT AN ADDITIONAL SMALLER LOAN. IDEALLY BETWEEN 100,000 LOAN. IDEALLY BETWEEN 100,000 LOAN. IDEALLY BETWEEN 100,000 AND ABOUT $300,000 TO FILL OUT AND ABOUT $300,000 TO FILL OUT AND ABOUT $300,000 TO FILL OUT THEIR FUNDING.

[00:01:25]THEIR FUNDING.

[00:01:26]THEIR FUNDING. >> THERE'S SOME THINGS THAT WE >> THERE'S SOME THINGS THAT WE >> THERE'S SOME THINGS THAT WE CAN DO. BUT THERE'S A LOT CAN DO. BUT THERE'S A LOT CAN DO. BUT THERE'S A LOT THAT'S GOING TO HAVE TO COME THAT'S GOING TO HAVE TO COME THAT'S GOING TO HAVE TO COME FROM THE PRIVATE SECTOR. SO FROM THE PRIVATE SECTOR. SO FROM THE PRIVATE SECTOR. SO WHAT CAN WE DO TO STIMULATE WHAT CAN WE DO TO STIMULATE WHAT CAN WE DO TO STIMULATE THAT? AND THAT'S WHAT THIS IS.

[00:01:33]THAT? AND THAT'S WHAT THIS IS.

[00:01:33]THAT? AND THAT'S WHAT THIS IS. A REFLECTION OF CITY LOANS A REFLECTION OF CITY LOANS A REFLECTION OF CITY LOANS WILL ONLY MAKE UP 20% OR LESS WILL ONLY MAKE UP 20% OR LESS WILL ONLY MAKE UP 20% OR LESS OF THE TOTAL PROJECT COST.

[00:01:38]OF THE TOTAL PROJECT COST.

[00:01:38]OF THE TOTAL PROJECT COST. >> AND ARE MEANT TO HELP >> AND ARE MEANT TO HELP >> AND ARE MEANT TO HELP SMALLER DEVELOPERS. THERE IS A SMALLER DEVELOPERS. THERE IS A SMALLER DEVELOPERS. THERE IS A MAP OF APPROVED AREAS FOR THIS MAP OF APPROVED AREAS FOR THIS MAP OF APPROVED AREAS FOR THIS PROGRAM WILL SEE SOME SPACES PROGRAM WILL SEE SOME SPACES PROGRAM WILL SEE SOME SPACES ON THE BOULEVARD. IT ALSO SEE ON THE BOULEVARD. IT ALSO SEE ON THE BOULEVARD. IT ALSO SEE SOME AREAS THAT ARE SOME AREAS THAT ARE SOME AREAS THAT ARE SOUTHBOUND. EUGENE, IT'S A SOUTHBOUND. EUGENE, IT'S A SOUTHBOUND. EUGENE, IT'S A MIXED SENSE OF AREA THAT IT MIXED SENSE OF AREA THAT IT MIXED SENSE OF AREA THAT IT COVERS. IT COVERS ALL THE COVERS. IT COVERS ALL THE COVERS. IT COVERS ALL THE COUNCIL DISTRICTS.

[00:01:55]COUNCIL DISTRICTS.

[00:01:55]COUNCIL DISTRICTS. >> SO THEY'LL BE OPPORTUNITY >> SO THEY'LL BE OPPORTUNITY >> SO THEY'LL BE OPPORTUNITY ACROSS THE CITY. CERTAINLY ACROSS THE CITY. CERTAINLY ACROSS THE CITY. CERTAINLY ALONG WEST GATE CITY ALONG WEST GATE CITY ALONG WEST GATE CITY BOULEVARD.

[00:01:58]BOULEVARD.

[00:01:58]BOULEVARD. >> I HAVE A LOT OF VACANT >> I HAVE A LOT OF VACANT >> I HAVE A LOT OF VACANT PROPERTIES THAT NEED TO BE PROPERTIES THAT NEED TO BE PROPERTIES THAT NEED TO BE UPLIFTED. THE COMMUNITY AND TO UPLIFTED. THE COMMUNITY AND TO UPLIFTED. THE COMMUNITY AND TO MAKE EVERYBODY FEEL GOOD. SOME MAKE EVERYBODY FEEL GOOD. SOME MAKE EVERYBODY FEEL GOOD. SOME EXCITED ABOUT IT.

[00:02:08]EXCITED ABOUT IT.

[00:02:08]EXCITED ABOUT IT. >> RIGHT NOW THERE IS NOT A >> RIGHT NOW THERE IS NOT A >> RIGHT NOW THERE IS NOT A SET NUMBER OF APPLICATIONS SET NUMBER OF APPLICATIONS SET NUMBER OF APPLICATIONS THAT WILL BE APPROVED OR EVEN THAT WILL BE APPROVED OR EVEN THAT WILL BE APPROVED OR EVEN A SET AMOUNT OF MONEY OF THE A SET AMOUNT OF MONEY OF THE A SET AMOUNT OF MONEY OF THE TOTAL 4 MILLION DOLLAR BOND TOTAL 4 MILLION DOLLAR BOND TOTAL 4 MILLION DOLLAR BOND THAT WILL GO TOWARDS THIS THAT WILL GO TOWARDS THIS THAT WILL GO TOWARDS THIS PROGRAM. IT WILL BE FLEXIBLE PROGRAM. IT WILL BE FLEXIBLE PROGRAM. IT WILL BE FLEXIBLE BASED ON THE APPLICATIONS. THE BASED ON THE APPLICATIONS. THE BASED ON THE APPLICATIONS. THE IDEAL WAY THAT THIS WOULD WORK IDEAL WAY THAT THIS WOULD WORK IDEAL WAY THAT THIS WOULD WORK IS THAT THE FUNDS WOULD GO TO IS THAT THE FUNDS WOULD GO TO IS THAT THE FUNDS WOULD GO TO A PROJECT.

[00:02:27]A PROJECT.

[00:02:27]A PROJECT. >> THOSE FUNDS WOULD BE PAID >> THOSE FUNDS WOULD BE PAID >> THOSE FUNDS WOULD BE PAID BACK OVER TIME AND THEN BE BACK OVER TIME AND THEN BE BACK OVER TIME AND THEN BE REINVESTED FOR ANOTHER REINVESTED FOR ANOTHER REINVESTED FOR ANOTHER PROJECT. SO HOPEFULLY THIS PROJECT. SO HOPEFULLY THIS PROJECT. SO HOPEFULLY THIS ACTUALLY BECOME SOMETHING THAT ACTUALLY BECOME SOMETHING THAT ACTUALLY BECOME SOMETHING THAT IS SELF-FULFILLING.

[00:02:38]IS SELF-FULFILLING.

[00:02:39]IS SELF-FULFILLING. >> THE CITY HOPES BY THIS TIME >> THE CITY HOPES BY THIS TIME >> THE CITY HOPES BY THIS TIME NEXT YEAR, SOME OF THESE OF NEXT YEAR, SOME OF THESE OF NEXT YEAR, SOME OF THESE OF VACANT BUILDINGS WILL BE VACANT BUILDINGS WILL BE VACANT BUILDINGS WILL BE FILLED WITH NEW BUSINESS.

[00:02:45]FILLED WITH NEW BUSINESS.

[00:02:45]FILLED WITH NEW BUSINESS. THANKS TO PROGRAM. THOSE THANKS TO PROGRAM. THOSE THANKS TO PROGRAM. THOSE APPLICATIONS ARE