Tuesday, September 4, 2012

Update: Baltimore Regional AI Demonstration Notice Coming Tomorrow, Using FHA Multfamily Financing Incentives as Carrot.

Have added link to Court Settlement item in NLIHC Memo to Members that provides more context for regional AI demonstration
Notice will be in Federal Register on Wednesday, I have posted advance notice HERE

Notice indicates FHA financing incentives will be offered for projects that either project base vouchers or offer below market rents for 2 or more bedroom non elderly units. Projects participating in the demonstration will also be required to accept voucher holders (appears similar to the requirement for LIHTC projects, but all units in these projects may not have rents affordable to voucher holders).

Eligible projects will also be limited to "areas of opportunity" that are part of a prior court settlement. NLIHC Memo to Members court settlement update is HERE.

Originally created and posted on the Oregon Housing Blog

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