A Public Bank for Community-Centered Housing

At PB North Bay, we believe that housing is a human right, not a speculative commodity. As a public bank, we use public funds to support non-speculative housing models that ensure long-term affordability, community stability, and democratic ownership. We don’t just fund housing — we fund homes for the people, by the people.

Why Affordable Housing Matters

The housing crisis is no accident — it’s the result of underinvestment, gentrification, and profit-driven development. But public banking offers a different path. By investing in permanently affordable, community-controlled housing, we:

• Prevent displacement and protect tenants
• Stabilize neighborhoods and reduce homelessness
• Build wealth in historically marginalized communities
• Preserve affordability for generations to come

What We Fund

North Bay finances a wide range of non-speculative, affordable housing projects, including: ✅ Community-Led Models:

• Community Land Trusts (CLTs): Land is held in trust for community use, while homes remain permanently affordable.
• Limited Equity Housing Cooperatives: Residents collectively own and govern their buildings, keeping prices stable.

✅ Non-Profit & Public Developers:

• Non-profit housing developers focused on affordability
• Municipal housing authorities building or upgrading public housing

♻️ Preservation & Conversion:

• Tenant or nonprofit acquisition of buildings at risk of speculation
• Conversion of private rentals into co-ops or non-profit ownership
• Retrofits and energy upgrades for low-income housing

✅ Supportive & Inclusive Housing:

• Housing for seniors, people with disabilities, and formerly unhoused individuals
• Integrated supportive services for long-term stability

How We Work

Our affordable housing investments reflect the principles of: Public Control: Projects are guided by community priorities, not corporate developers. Public Goods: We fund permanently affordable housing — not luxury condos or temporary fixes. Public Funds: We reinvest community capital into community-rooted solutions.

We work closely with:

• Housing justice coalitions
• Tenant unions and cooperatives
• Local governments and non-profits
• Impact-driven architects, planners, and builders

Our Approach Is Different

❌ We don’t fund speculative real estate or short-term affordable mandates. ✅ We do support housing that remains affordable forever, and is governed by the people who live in it.

Who Should Apply?

We welcome proposals from:

• Community Land Trusts
• Non-profit housing developers
• Tenant associations and resident co-ops
• Local governments and housing authorities
• Mission-driven property owners interested in conversion

What We Offer

• Low-interest, long-term loans
• Flexible predevelopment and acquisition funding
• Technical support and partnerships for community governance models
• Green building incentives for energy-efficient upgrades

A Future of Housing Justice

North Bay is building an ecosystem where housing is owned by the many, not the few — and where communities are empowered, not displaced. Let’s reclaim housing as a public good.