Examples of Competitive Housing Credits in a sentence
If, prior to the submission of the Applicant’s Application in response to this RFA, the Applicant submits or has already submitted a Non-Competitive Application for the Development proposed in its SAIL Application, such previous Non-Competitive Application will not be considered and the Applicant will be required to request the Corporation-issued MMRB and/or Non- Competitive Housing Credits as a part of its SAIL Application request, as outlined above.
This RFA proposes to utilize Competitive Housing Credits (HC) in conjunction with State Apartment Incentive Loan (SAIL) funding, or grants.
This RFA proposes to utilize Competitive Housing Credits (HC) in conjunction with State Apartment Incentive Loan (SAIL) funding.
The Corporation also expects to have up to an estimated $2,980.000 of Competitive Housing Credits available for award to proposed Developments located in Monroe County serving low-income households at or below 60 percent of the AMI.
For all counties other than Monroe County, the SAIL funding must be paired with Tax-Exempt Bonds and Non- Competitive Housing Credits (“4% HC”).
Applications proposing a Development in Monroe County must include a request for Workforce SAIL funding and a request for 9% Competitive Housing Credits.
The Corporation expects to offer an estimated $4,075,000 of Competitive Housing Credits available to proposed Developments under this RFA.
Competitive Housing Credits - Low Income Housing Credits which are available for construction or rehabilitation housing activities as allocated through the competitive process described in the QAP.
An estimated $2,980,000 in Competitive Housing Credits will be made available.
The necessary documentation that will be required after the Applicant is invited to enter credit underwriting, as well as the credit underwriting process for the MMRB and Non- Competitive Housing Credits is outlined in Exhibit D.