Q: What is your opinion on using HTF dollars to augment HOME funds as a source of gap financing for traditional LIHTC projects? If not, what would be the best use of HTF dollars?
A: Ginger: Similar to HOME, HTF could be used to either fill the gap for LIHTC projects or for other types of projects that don’t fit with the LIHTC program, including either small projects or projects privately financed and then use HTF funds to do a set aside for ELI households.
Nancy: I think using HTF and HOME to leverage LIHTC projects is a good approach.
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