This Consolidated RFP will focus on homeownership projects and affordable rental projects that do not request tax-exempt bonds and 4% Low Income Housing Tax Credit (LIHTC) structures (referred to as Non-Multifamily Mortgage Revenue Bond structures or scenarios). Projects that produce or preserve affordable housing and require gap financing and/or an allocation of 9% Low Income Housing Tax Credits (LIHTC), are eligible for funding. Gap financing available through the RFP includes both development subsidies such as the Housing Production Trust Fund (HPTF) and operating subsidies such as the Local Rent Supplement Program (LRSP) administered by the DC Housing Authority (DCHA).
UPDATES: Page 40: Project operating expenses, as modeled in the Form 202 – Application for Financing and in the Online Application System, should be no more than $10,900 per unit per year.; Pages 43, 44, 86, 87: Changes to two evaluation scoring criteria points options, “Affordable Housing Opportunities Across Planning Areas,” and “Proximity to Neighborhood Amenities.”
Application materials and further instructions can be found at: https://octo.quickbase.com/db/bteypt65u?a=showpage&pageid=65
Click the following link to view the virtual orientation held on August 8, 2023: https://youtu.be/yC6TE_PzYH0
