CityHome was an effort to encourage homeownership that was originally managed by the City’s Department of Housing Preservation and Development (HPD) but was subsequently administered by Enterprise Community Partners (formerly the Enterprise Foundation) and the Community Preservation Corporation. Vacant city-owned buildings were completely rehabilitated to create one- to four-family homes for owner-occupants. The rehabilitated buildings with multiple units were sold to eligible owners who could use the income from the rental units to offset homeownership costs. The city provided a subsidy in the form of a second mortgage loan that evaporated over a 25-year period. The first mortgage loan was obtained from participating banks at market rates. Residents with a household income of $35,000-$90,000 (in 2010) were eligible for the program.