Alphabet Soup
AED
Area of Economic Distress
Pic 1
What is, a day care center?
What is, 10:1?
This concept is what an Applicant will use to address gaps and needs.
What is, a strategy?
HOA
High Opportunity Area
Pic 2
What is, a grocery store?
This is the maximum number of states that a multi-state CMF Award may propose to serve.
What is, 15?
This set of proposed projects gives examples of where a successful CMF Applicant would spend its award.
What is, a pipeline?
VLI
Very-Low Income
Pic 3
What is, a community health clinic?
This amount of a CMF Award may be used for EDA.
What is, 30%?
This set of completed data demonstrates an Applicant's experience.
What is, a track record?
EDA
Economic Development Activity
Pic 4
What is, a community center?
Rental housing is prioritized for this income group.
What is, Very-Low Income (<=50% AMI)?
This concept of attracting additional resources is a key part of CMF.
What is, leverage?
LIHTC
Low-Income Housing Tax Credit
DAILY DOUBLE!
Pic 5
What is, a workforce development center?
Homeownership is prioritized for this income group.
What is, Low-Income (<=80% AMI)?
DAILY DOUBLE! CMF provides financing for the __, __, __, and __ of Affordable Housing.
Development, Rehabilitation, Preservation, and Purchase