DHCD has a pending amendment to the 2017 QAP to allow for a “October 2017 Mini-Competition” for high readiness family projects with substantial matching funds. Considering the great demand for family housing in Massachusetts, DHCD has identified a limited amount of federal and state LIHTC, as well as state bond funds which could be made available now.
The Department will host a mini-competition on October 31, 2017, and will accept modified One Stop + funding applications from developers whose projects meet the following criteria:
- The projects fall within the production set-aside in the 2017 QAP.
- The projects will result in affordable or affordable/mixed-income family rental housing.
- Although previously denied funding, the projects have been reviewed at least once by DHCD.
- The projects are highly ready to proceed, as demonstrated by the status of zoning, permitting, and architectural materials (drawings and scopes of work).
The criteria listed above are thresholds in addition to the thresholds already described within the 2017 QAP. With the exception of the new criteria described above, the projects are fully subject to the 2017 QAP.
Preapplications will be accepted on September 22, with pre-application approved projects required to submit a OneStop+ application on or before October 31. See the proposed amendment for further details.
