The following activities are eligible for assistance from the Affordable Housing Trust Fund: (1) New construction, rehabilitation, or acquisition of housing to assist low-income and very low-income families; (2) Matching funds for new construction, rehabilitation, or acquisition of housing units to assist low-income and very low-income families; (3) Technical assistance, design and finance services, and consultation for eligible nonprofit community or neighborhood-based organizations involved in the creation of affordable housing; (4) Matching funds for operating costs for housing assistance groups or organizations when such grant or loan will substantially increase the recipient's ability to produce affordable housing; (5) Mortgage insurance guarantees for eligible projects; (6) Acquisition of housing units for the purpose of preservation of housing to assist low-income or very low-income families; (7) Projects making affordable housing more accessible to families with elderly members or members who have disabilities; (8) Projects providing housing in areas determined by the Department of Economic Development to be of critical importance for the continued economic development and economic well-being of the community and where, as determined by the department, a shortage of affordable housing exists; (9) Infrastructure projects necessary for the development of affordable housing; (10) Downpayment and closing cost assistance; (11) Demolition of existing vacant, condemned, or obsolete housing or industrial buildings or infrastructure; (12) Housing education programs developed in conjunction with affordable housing projects. The education programs must be directed toward: (a) Preparing potential home buyers to purchase affordable housing and postpurchase education; (b) Target audiences eligible to utilize the services of housing assistance groups or organizations; and (c) Developers interested in the rehabilitation, acquisition, or construction of affordable housing; (13) Support for efforts to improve programs benefiting homeless youth; (14) Vocational training in the housing and construction trades industries by nonprofit groups; and (15) Weatherization and solar or other energy improvements to make utilities for housing more affordable.
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