Greensboro’s New RISE Infill Program: A Boost for Local Development
Greensboro is taking a strategic approach to urban redevelopment with the introduction of the Revitalize, Invest, Strengthen, and Expand (RISE) Infill program. This initiative is designed to aid small property owners, landlords, and developers who face financial gaps in their construction projects. More information about the program can be found here.
The program connects eligible participants with one of four community banks, facilitating a process that Greensboro Economic Development Manager Marshall Yandle describes as “a mezzanine or gap financing program for commercial construction loans.” According to Yandle, the program helps push projects in need of additional support towards completion, especially in areas identified for reinvestment.
In practice, the banks conduct research and underwriting while the city ensures the project meets geographic and other criteria before participating in the loan. The RISE Infill program specifically targets development in key areas such as downtown Greensboro, West Market Street, and East Gate City Boulevard, aiming to stimulate growth and revitalization in these corridors.
