Q&A
Impact of additional $55 million funding for Open Door program
0:42:41
·
30 sec
Deputy Commissioner Kim Darga explains the estimated impact of the additional $55 million in annual funding for the Open Door program.
- With the current cost of about $410,000 per unit, the additional funding can finance approximately 135 additional homeownership units
Adrienne E. Adams
0:42:41
Great.
0:42:42
Okay.
0:42:43
This year's budget agreement included an additional 55,000,000 in annual funding for the open door program.
0:42:50
How many additional units of new construction homeowners production, does HPD estimate will result from this additional funding?
Kim Darga
0:43:00
So with $55,000,000 and at a cost of about 4 110,000 a unit, we can finance about a 135 additional homeownership units.
