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LAMP

The Low-Income Affordable Marketplace Program combines a first mortgage, funded through proceeds from the sale of variable or fixed rate tax-exempt private activity bonds, with a second mortgage, provided through HDC corporate reserves, as-of-right “4%” Federal Low Income Housing Tax Credits, and other subsides, to produce housing affordable to those earning less than 60% of New York City’s Area Median Income (AMI).


View LAMP Termsheet