Examples of HPTF in a sentence
Eighty percent of all HPTF monies must benefit households earning up to a true 50 percent of the area median income, which is below the HOME income eligibility maximum; moreover, HPTF-assisted rental projects must be affordable for 40 years, which exceeds the HOME affordability period requirement.
The Housing Production Trust Fund (HPTF or “Fund”), authorized by the Housing Production Trust Fund Act of 1988 as amended by the Housing Act of 2002, is a local source of money for affordable housing development.
See http://www.dcregs.dc.gov/Gateway/ChapterHome.aspx?ChapterNumber=10-B41 for HPTF regulations.
Housing Production Trust Fund (HPTF) The HPTF is a local fund established under the authority of the Housing Production Trust Fund Act of 1988, D.C. Law 7-202 (the Act).
Special Note for Mixed-Income or Mixed-Use Projects:DHCD sources cannot fund non-eligible uses, such as commercial space and HPTF funding for new units above 50 percent MFI.