Through this round of funding, we look forward to assisting HPN in creating lasting opportunity and sustainable impact for communities and residents in need. With this $50 million allocation, hundreds of new and rehabbed for-sale affordable homes will be developed, restoring low-income access to the permanent wealth-building opportunity of homeownership and a foundation of the American Dream.
For information on how NMTCs are used to create affordable for-sale homes, check out our models or let us offer you a quick explanation. For more than a decade, we have worked with partners all over the U.S. to bring nearly 4,000 affordable for-sale homes to distressed communities, uplifting low-income residents with transformative, evidence-based effect.
It is an honor to continue this work with the most recent award allocation and to share our congratulations with each recipient.