Dept. of Housing and Community Development - Portfolio Reinvestment Program. Deadline: 7/18/22
Portfolio Reinvestment Program (PRP)
This funding provides loans to rehabilitate, capitalize operating subsidy reserves for, and extend the long-term affordability of department-funded housing projects that have an affordability restriction that has expired, that have an affordability restriction with a remaining term of less than five years, or are otherwise at risk for conversion to market rate. The goal is to preserve existing affordable housing.
Business, Individual, Nonprofit, Public Agency, Tribal Government
Eligible applicants must be owners of eligible HCD-funded projects or must have been approved by HCD to acquire an eligible project and must meet all requirements for being a Sponsor and having site control.
Total Amount Available:
July 18, 2022
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