Dhcd hptf board
WebJun 4, 2024 · million Department of Community Development (“DHCD”) Housing Production Trust Fund (“HPTF”) loan, $43.7 million Federal in low income housing tax credit (“LIHTC”) equity, $8.05 million in District of Columbia LIHTC equity, a $2.5 million deferred developer fee, a $2.65 millions eller note, and $2.2 million in developer equity. WebDec 11, 2024 · million, DHCD HPTF funding at $11 million, ederal LIHTC f quity at e $8.2 million, District of unit. The managing member for the Sponsor will be Shepherd Park MM, LLC whose sole member is Lock 7 Development, LLC. David Gorman and Patrick Conway, the Principals of Lock 7 Development, will serve as Guarantors for the Project and lead …
Dhcd hptf board
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WebSep 30, 2024 · Mayor Bowser promised to make an annual investment of $100 million into the HPTF, and she has done just that for each of the last six years. This one-time $400 million infusion brings Mayor Bowser’s total to $1 billion invested in her time as Mayor. The HPTF investment will be a major tool in achieving the goals laid out in the 2024 Housing ... WebMar 26, 2024 · The affordable housing projects are being funded primarily through a $66 million investment from the Housing Production Trust Fund (HPTF). “Federal relief efforts championed by the Biden Administration, coupled with our local housing resources, made these investments possible,” said Mayor Bowser.
WebFY2024 and subsequent years. $7 million. The Trust Fund will be administered by the City’s Department of Housing & Community Development (DHCD) and overseen by an … Webstatutory requirements over the life of the HPTF. Most recently, the Inspector General detailed that $82 million of the HPTF money meant for 0-30% AMI was misspent in 2024. DHCD and Council, through its lack of oversight, have repeatedly failed to meet its responsibility to the lowest income D.C. residents.
WebThe Department of Housing and Community Development, through its community and business partners, provides affordable housing options, financial assistance, and other support to Massachusetts communities. … Web“DHCD Did Not Effectively and Efficiently Use the Housing Production Trust Fund to Produce Affordable Housing Units for Extremely Low-Income Households” On Tuesday, November 9, 2024, Councilmember Anita Bonds will hold a public oversight roundtable to discuss the recent report published by the Office of Inspector General regarding the
WebAug 15, 2024 · DHCD is in search of a leader in affordable housing and real estate development to oversee its Development Finance Division (DFD). The division administers the Housing Production Trust Fund (HPTF), low income housing tax credits (9 percent and 4 percent), as well as federal funds for the production and rehabilitation of affordable …
WebFigure 1: Housing Production Trust Fund Scoring Process & Criteria Details DHCD Fall 2024 Request for Proposals Page 25 of 87 to provide funding to those projects that provide the greatest public benefit while maximizing the impact of public resources. Underwriting Scoring 1. Financial and Economic Feasibility (maximum 30 points) portsdown primary school uniformWebHousing Production Trust Fund Board (HPTF) Housing Production Trust Fund Board (HPTF) Enabling Statute / Mayoral Order: D.C. Code § 42-2802.01. Governing Agency / … optum tax formsWebHousing Production Trust Fund Program (HPTF) HOME Investment Partnerships Program (HOME) Community Development Block Grant Program (CDBG) ... DHCD is soliciting applications for funding for projects that will help the Department fulfill its goals to: • Increase the supply of decent, affordable rental and ownership -income housing low ... optum sun city center flWebFeb 16, 2024 · Unprecedented investments in the Housing Production Trust Fund (HPTF) in recent years, over $1 billion since Mayor Bowser took office, and more to come, are the ... moderate- income residents. In FY21 alone, DHCD closed on over $109 million in HPTF and similar gap financing for projects that will result in over 1000 affordable units produced or ... optum taguig phone numberoptum testing sites californiaWebThe Housing Production Trust Fund (HPTF) Advisory Board (Board) was established by the Council of the District of Columbia, under the Housing Production Trust Fund Act of … The statute provides for nine board members, appointed by the Mayor, with … optum symmetry suite of servicesWebHousing Production Trust Fund FY 2010 Annual Report 1 DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT 1800 MARTIN LUTHER KING, JR. AVENUE, S.E. ... The HPTF Fund Balance as calculated from records available to DHCD at the end of FY 2009 was $68,674,214. Housing Production Trust Fund FY 2010 Annual Report … portsdown surgery