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Mixed-Income

Through HDC's award-winning 50/30/20 program, 20% of the apartments in a multi-family rental building are restricted for low-income tenants, 30% are reserved for middle-income tenants and the remaining are rented at market rates.  This structure, the only one of its kind in the City, allows us to provide a deeper level of affordability across many different economic levels.  HDC uses the proceeds from the sale of tax-exempt bonds to make first position mortgages and also uses its corporate reserves to make 1% second mortgage loans.