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05/11/2021 AFFORDABLE HOUSING Minutes
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05/11/2021 AFFORDABLE HOUSING Minutes
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8/25/2021 5:01:06 PM
Creation date
8/25/2021 12:01:39 PM
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Mashpee_Meeting Documents
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AFFORDABLE HOUSING
Meeting Document Type
Minutes
Meeting Date
05/11/2021
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Property Types <br /> i <br /> .°n <br /> WORKFORCE HOUSING <br /> Financing of workforce housing is a critical issue for workers across the country <br /> and one which often does not see sufficient amounts of dedicated resources to �� li <br /> address.The HIT works with a number of localities and states around the country <br /> which provide resources specifically dedicated to addressing the needs of <br /> working families and can provide technical assistance in putting together these <br /> complicated executions. <br /> APPLICABLE FINANCING: <br /> FHA-Insured Construction and Permanent Loans <br /> GSECndit-Enhanced Forward Commitment Permanent Loan Program for <br /> Multifamily Housing <br /> State Housing Finance Agency Programs Gateway North <br /> Tax Credit Bridge Loan Program <br /> y <br /> The AFL-CIO mission focuses on workforce and affordable housing. The labor union uses <br /> its investment Trust funds to take advantage of programs like the Low-Income Housing Tax <br /> Credit Program (LIHTC) to make housing more affordable for its members who would <br /> otherwise be priced out. At the same time, the jobs generated by the housing project <br /> during its construction provide job opportunities for its union members. <br /> 17 <br />
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