Responses to Unanswered Questions from Monday’s Webinar

Q: “When the panelists discuss cross-subsidizing ELI with higher rents, are these still at 60% AMI and below (for LIHTC), or are we also talking about market-rate units (80% AMI and up).”

A: When I (Ed) got to that slide (#26) I had misplaced my “enhanced” hand-written version and got completely flummoxed. I meant to be clear that the higher rents might be covered by LIHTC rents (eg 60%/50%), HOME rents (could be FMR, 30% of 65% AMI, 30% of 50% AMI, or 30% of household’s actual income), Project Based Voucher rents, and market-rate rents – whatever is in the project.

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