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HLC INTRODUCES AGING IN PLACE TURNOVER FUNDS

Friday, December 6, 2024   (0 Comments)
Posted by: Elaine Egersheim

HLC INTRODUCES AGING IN PLACE TURNOVER FUNDS

 

On Tuesday, EOHLC released PHN 2024-23 outlining new aging in place guidelines. This PHN sets forth a pool of funding that can be used for small adaptability upgrades during the routine vacancy turnover process. To effectuate this, effective February 3, 2025, EOHLC will create CapHub projects for each LHA funded at an amount of $2,000 times 10% of 667 units per LHA in Compliance Reserve funding. EOHLC noted that funding is limited and may not cover all necessary work to support upgrades.