Specifications include, but are not limited to: BJHT is making $1,134,102 available to assist with the creation of approximately 130 new rental homes. The funds must be used for the construction of new multifamily affordable rental housing units through new construction or the adaptive reuse of existing structures. This funding may support early pre-development activity, late staged project funding gaps or as a layer within a project’s overall funding stack. The Project must create new affordable rental housing units for households through new construction or the adaptive reuse of an existing building. Acquisition and rehabilitation of existing housing, or demolition of currently habitable housing for new construction on the same site is not allowed.
