Describe how HTF funds will be used exclusively for rental housing development, resources will including new construction, be allocated acquisition and/or rehabilitation. among No more than one-third of the funding annual allocation may be used for categories. operating deficit assistance. Up to 10% of the total allocation will be used for eligible administrative and planning costs. The application process for HTF rental housing development funds is competitive among eligible recipients.
Describe how resources will be allocated among funding categories. HTF funds will be used exclusively for rental housing development, including new construction, acquisition and/or rehabilitation. No more than one-third of the annual allocation may be used for operating deficit assistance. Up to 10% of the total allocation will be used for eligible administrative and planning costs. The application process for HTF rental housing development funds is competitive among eligible recipients.
2017%2BAAP%2BDRAFT%2B093016.docx