Allocation of Private Activity Bond Cap (Request for Proposal)

Description: Be financed by an Eligible Project Loan approved by the City; Qualify as a low- and moderate-income housing project. Be maintained as a residential rental housing project continuously throughout the Qualified Project Period and any additional affordability period imposed by the City; Be subject to a Regulatory Agreement with the City; Be subject to an Agreement Concerning Costs with the City; and Demonstrate a schedule reasonably capable of satisfying the thirty-month construction-completion and thirty-six-month loan-funding requirements established in the Program Rules.