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Can AHP subsidy be used to pay rehabilitation costs for older projects?

April 26, 2017ahp costs Older pay Projects rehabilitation subsidy Used

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Can AHP subsidy be used to pay rehabilitation costs for older projects?

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• • Yes, provided that the proposed renovations do not pre-date the AHP application. Please also note that the application for such initiatives must include financial documentation that verifies the amounts available in the project’s replacement reserve accounts and any limitations on their use. A contribution from the reserves should be listed as a source on the project’s development budget.