| Notes |
Fund Targets:
- The initial fund targets will be to support projects serving renters with incomes up to $70,000 per home and create homeownership opportunities for households with incomes up to $150,000 per household.
- At least 60% of the fund dollars and projects funded will serve households making less than 80% of the area median
income, and the highest income levels served will be 150% of area median income.
Anticipated Impact:
- The fund is anticipated to create and preserve 850 units of housing.
- Fund dollars are expected to be leveraged 8:1 attracting $80,000,000 in dollars from other sources. |