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WASHINGTON, DC-Nov. 17 is the deadline for applicants to submit proposals to receive financial backing from a new $45-million block of cash that has been made available from anticipated FY 2007 budget funds from the Home Investment Partnerships, the Housing Production Trust Fund program and the Low Income Housing Tax Credits program.
According to a statement released by Jalal Greene, director of DC's Department of Housing and Community Development, the city government is interested in financing projects that focus on elderly housing, special needs housing, the preservation of housing affected by expiring federal subsidies, new or substantial rehabilitation of multifamily housing that is more than five units, homeownership and facilities to serve communities in low to moderate income areas. Proposals for the First Right To Purchase Assistance Program will also be accepted under this RFP.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
