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Can an applicant that wishes to build new construction on a vacant lot utilized the funds from the low-income set aside?

April 26, 2017applicant build Construction funds low-income utilized vacant wishes

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Can an applicant that wishes to build new construction on a vacant lot utilized the funds from the low-income set aside?

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No. To use funds from the low-income set aside, which targets households at 50% AMI, the project must be the acquisition and rehabilitation of abandoned or foreclosed homes, eligible activity 2 as stated on page 4 and 5 of the NSP RFP.