Document required: If applicable, documentation supporting V.022 construction tax abatement (Ordinance and/or Resolution). V.2 Financing with the Puerto Rico Housing Finance Authority 3 3 Interim and Permanent Financing 3 Interim or Permanent Financing 2 Documentation required: Sources and Uses (Application, page 15) Documentation required: Binding commitment, agreement or application documentation. V.4 Financing insured by the Federal Housing Administration (FHA 2 2 2 Documentation required: Firm commitment letter, or agreement documentation. V.5 State Funding. Projects which have been contributed federal & 2 2 2 state-owned land for redevelopment will be awarded 2 points V.3 Operating Expenses. A project might be awarded 1 point if it meets the corresponding operating expense requirement on a 1 1 per-annum (PUPA) basis in the first year: For developments with 79 units or less, a PUPA not less than 1 $3,000 but not more than $3,600. For developments with 80 to 120 units, a PUPA not less than 1 $2,900 but not more than $3,400. For developments with 121 units or more, a PUPA not less than 1 $2,800 but not more than $3,400. Documentation required: Certification provided by the V.023 management agent. V.4 State Funding. Projects which have been contributed federal or 2 2 2 state-owned land for redevelopment will be awarded 2 points. Documentation required: Copy of long-term lease agreement, II.008 deed, or letter of commitment. VI. Supportive Services 5
Document required: If applicable, documentation supporting construction tax abatement (Ordinance and/or Resolution). V.022 V.2 Financing with the Puerto Rico Housing Finance Authority 3 3 Interim and Permanent Financing 3 Interim or Permanent Financing 2 Documentation required: Sources and Uses (Application, page 15) Documentation required: Binding commitment, agreement or application documentation. V.4 Financing insured by the Federal Housing Administration (FHA 2 2 2 Documentation required: Firm commitment letter, or agreement documentation. V.5 State Funding. Projects which have been contributed federal & state-owned land for redevelopment will be awarded 2 points 2 2 2 V.3 Operating Expenses. A project might be awarded 1 point if it meets the corresponding operating expense requirement on a per-annum (PUPA) basis in the first year: 1 1 For developments with 79 units or less, a PUPA not less than $3,000 but not more than $3,600. 1 For developments with 80 to 120 units, a PUPA not less than $2,900 but not more than $3,400. 1 For developments with 121 units or more, a PUPA not less than $2,800 but not more than $3,400. 1 Documentation required: Certification provided by the management agent. V.023 V.4 State Funding. Projects which have been contributed federal or state-owned land for redevelopment will be awarded 2 points. 2 2 2 Documentation required: Copy of long-term lease agreement, deed, or letter of commitment. II.008 VI. Supportive Services 5
Housing-Trust-Fund-Allocation-Plan-2017.docx