Is there any prohibition against using Replacement Housing Factor (RHF) Funds in a HOPE VI project?
A6: The NOFA does not prohibit the use of RHF in HOPE VI projects. However, the NOFA does make reference to RHF funds in a couple places. See Section III.C.3.jj. “Program Requirements that Apply to Match and Leverage,” specifically pages 75-76, which describe how Other Public Housing funds can be used for the application: “(xvi) Other Public Housing Funds. Other Public Housing funding sources may be used in your proposal subject to the following criteria. Other Public Housing Funds include HOPE VI Demolition funds, HOPE VI Neighborhood Networks funds, HOPE VI Main Street funds, Capital Fund program funds, Replacement Housing Factor funds, reserves (legally available for use in the HOPE VI project), and proposals to use operating subsidy for debt service. For Match: Other Public Housing Funds may be counted for match EXCEPT FOR the HOPE VI program funds (HOPE VI Demolition, HOPE VI Neighborhood Networks, and HOPE VI Main Street), which may not be used for match. For Leverage: Other Publ
Related Questions
- If a PHA wants to supplement a HOPE VI grant with other public housing funds (i.e. Capital Funds or Housing Replacement Factor Funds) does this reduce the maximum HOPE VI grant?
- When calculating Capital Fund obligation rates, should housing Replacement Housing Factor funds be included?
- Can HOPE VI funds be used for demolition of structures to allow construction on replacement sites?
