Part III, 2B awards points for financing leveraging...

Part III, 2B awards points for financing leveraging. Can you define what state and/or local government funds are? Does a Federal project-based operating subsidy count as "leverage"?

State and/or local government funds can be defined as funds awarded by your city,town, or county that are appropriated by the state legislature for programs. Local municipalities also provide funds through the Affordable Housing Act as does MFA. Primero funds come from the MFA General Funds and this also an eligible "leveraging" source.

Federal funds are not eligible as leveraging because the proposed CHDO Operating Funds come directly from HUD.