Examples of WHLP in a sentence
RPP and WHLP are state investments dedicated to making rental developments financially feasible and more affordable for working families and seniors.
Projects with 9% Tax Credits which meet the Agency’s loan criteria are eligible for WHLP.
Description of the Agency’s compliance monitoring program, including procedures to notify the Internal Revenue Service of noncompliance with the requirements of the program.In the process of administering the tax credit, Rental Production Program (RPP) and Workforce Housing Loan Program (WHLP), the Agency will make decisions and interpretations regarding project applications and the Plan.
Projects in the Metro geographic set-aside are ineligible to request WHLP.
The maximum award of WHLP funds to any one Principal will be a total of $2,000,000.
County Income DesignationPercent of Eligible BasisStatutory MaximumHigh4%$250,000Moderate10%$1,500,000Low16%$2,000,000 Requesting a WHLP loan may result in an application being ineligible under Section VI(B)(6)(e) if the Agency has inadequate funds.
In the event of a major: natural disaster pandemic / epidemic, disruption in the financial markets, or reduction in subsidy resources available, including tax credits, RPP, and WHLP funding,the Agency may disregard any section of the Plan, including point scoring and evaluation criteria, that interferes with an appropriate response.
In the event of a major:• natural disaster,• disruption in the financial markets, or• reduction in subsidy resources available, including tax credits, RPP and WHLP funding,the Agency may disregard any section of the Plan, including point scoring and evaluation criteria, that interferes with an appropriate response.
In the event of a major: natural disaster, disruption in the financial markets, or reduction in subsidy resources available, including tax credits, RPP and WHLP funding,the Agency may disregard any section of the Plan, including point scoring and evaluation criteria, that interferes with an appropriate response.
In no event will the loan amount exceed the statutory maximum.County Income DesignationPercent of Eligible BasisStatutory MaximumHigh4%$250,000Moderate102%$1,500,000Low1620%$2,000,000 Requesting a WHLP loan may result in an application being ineligible under Section VI(B)(6)(e) if the Agency has inadequate funds.