Top of the Page 6. What criteria must be met in order for the DCA to approve a project application?
• No more than $1 million in NRTC funds may be requested for each project application. • The project must carry out activities that are stated in the approved neighborhood plan. • A minimum of 60% of the requested NRTC funds must be used for housing and/or economic development activities. • No more than 40% of the requested NRTC funds may be used for complementary or social services programming. • A maximum of 20% of the requested NRTC funds may be used for administration, defined as costs related to staff positions involved with implementing one or more NRTC-eligible activities. • All project activities must occur within the approved neighborhood’s boundaries; an exception is possible for an activity outside of the neighborhood that particularly benefits residents of the targeted neighborhood. • Each activity must be determined to be feasible and ready to proceed within a reasonable time period. • The nonprofit must show how ongoing project activities will be funded in the future, if
