The Consortium aims to create new and renovated housing and promote Uptown neighborhoods as vibrant communities of "first choice" where people of diverse economic and cultural backgrounds live, work, learn and play together. The goal is to build a significant number of new units, rehab existing building, increase homeownership rates and increase the quality of rental properties.

The Uptown Mortgage Fund
The Uptown Consortium's goal is to increase its area homeownership rate from the current 21% to 30% by 2010. Partnering with local banks, the Consortium is creating the Uptown Mortgage Fund, an assortment of mortgage loan programs targeting the unique aspects of the Uptown neighborhoods and its residents. The Fund will facilitate homeownership by providing innovative incentives such as zero down payment mortgages and a purchase/rehab mortgage product. The program will also target Uptown employees and incent with employer-assistance housing allowances to encourage more workers to live in Uptown.

The NIP Program
The Consortium recently created the Uptown Neighborhood Improvement Program (NIP). NIP will allow the Consortium to purchase as many as 24 single-family housing units in clustered areas (on a street or in a block) in Avondale, Clifton Heights-Fairview, Corryville and Mt. Auburn. These units will receive extensive landscape and exterior improvements and rehabbed or improved interiors. Potentially these properties would be pooled into a homeowners association for ongoing exterior maintenance, and then placed back on the market for resale and promoted to Uptown employees and the general public. The program's goals would be to increase home ownership; eliminate blighted neighborhood influence; and beautify Uptown communities.