The High Leverage Asset Preservation Program (HILAPP) provides grants to local housing authorities (LHAs) that are able to secure matching funds from local and/or other non-DHCD sources to support the modernization and redevelopment of state-aided public housing. HILAPP is a complement to the Formula Funding Program which was launched in 2010. Whereas Formula Funding predictably disburses capital bond funds across the entire state-aided public housing portfolio according to a needs-based formula, HILAPP grants funding awards via a competitive process.
The program is guided by the following core principles
- Preserve as many units as possible
- Prioritize developments with significant capital needs that cannot sufficiently be addressed with Formula Funding
- Prioritize developments in communities with the highest need for extremely low income housing
- Leverage as much capital as possible from sources other than DHCD
Between FY14 and FY18, DHCD intends to distribute $75M for HILAPP projects, which will in turn leverage millions of dollars from outside sources. DHCD will accept project proposals on a rolling basis, funding permitting, in order to build and maintain a consistent pipeline of HILAPP projects.
See request for proposals, application form, frequently asked questions, and list of eligible developments below.
Additional HILAPP Program Documents
Attachment A: Application Form
Attachment C: Replies to Frequently Asked Questions
For additional program information, please contact Amy Stitely at (617) 573-1156.