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Is an elderly (senior citizen) high-rise building eligible for HOPE VI funding?

April 26, 2017building elderly eligible funding high-rise Hope senior citizen Vi

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Is an elderly (senior citizen) high-rise building eligible for HOPE VI funding?

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Yes. An elderly high-rise can be an eligible project if it meets the criteria of severe distress under Section I(C)(4); there is no preclusion in the NOFA against funding the revitalization of such buildings. However, the building must meet the criteria for severe distress listed in I(C)(4).