Date Published: August 2015
Yes. Eligible Multifamily Properties means any new or existing property owned by a nonprofit, public, or a private entity with at least 5 housing units. This can include 5 or more units that are noncontiguous if under a single ownership entity. For example, a Low-Income Housing Tax Credit (LIHTC)-financed development of 60 noncontiguous townhomes spread over 5 acres would be an Eligible Multifamily Property if it met other program requirements. In another example, twenty HOME-funded condominiums either in or on the same property or spread across a city or town would also be considered an eligible property if under a single owner and other requirements are met.