Puerto Rico Housing Financing Authority (AFV) - Written Agreements - CDBG-DR/MIT Recovery Funds

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Name of Partner / Subrecipient: Puerto Rico Housing Financing Authority (AFV)
Assignment: DR
Program / Division: CDBG-DR Gap to Low Income Housing Tax Credit Program (LIHTC)
DUNS No.: 090591801
Execution Date: 11/29/2018
End Date: 11/29/2021
Total Amount: $100,000,000.00
Brief Description: The Puerto Rico Housing Department (PRDOH) has a Memorandum of Understanding (MOU) with AFV for Program design services, including ongoing updates and/or modifications to program design and/or program policy for CDBG-DR Gap to Low Income Housing Tax Program.

AMENDMENTS

Execution Date: 05/31/2025
End Date: 11/29/2027
Total Amount: N/A
CDBG-DR Funds: N/A
Brief Description: This amendment G serves the purpose of modifying and amending certain terms and conditions, including an reallocation of funds and an extension of the period of performance of the Agreement. The total budget remain unaltered.

Execution Date: 12/20/2023
End Date: 11/29/2025
Total Amount: $142,500,000.00
CDBG-DR Funds: $142,500,000.00
Brief Description: In this Amendment F, the Parties have agreed to replace and modified the Exhibit B, Exhibit C and Exhibit D to increase the budget assigned to the actual operating needs of the LIHTC Program. The total Contract budget will be increased by $142,500,000.00. Therefore, the total budget for the Contract is $1,406,609,756.00.

Execution Date: 09/18/2023
End Date: 11/29/2025
Total Amount: $60,000,000.00
CDBG-DR Funds: $60,000,000.00
Brief Description: The Parties have agreed to amend Exhibit D (Budget) to increase the budget assigned to the Project Development Costs-Set Aside (PRPHA) cost line item with an additional commitment of CDBG-DR funds of $60,000,000.00.

Execution Date: 04/21/2023
End Date: 11/29/2025
Total Amount: $251,109,756.00
CDBG-DR Funds: $251,109,756.00
Brief Description: This amendment D serves the purpose of modifying and amending certain terms and conditions, including increase the budget and an extension of the period of performance of the Agreement.

Execution Date: 12/15/2021
End Date: 11/29/2023
Total Amount: N/A
CDBG-DR Funds: N/A
Brief Description: This amendment is a modification and amendment of certain terms and conditions under the Agreement, including any modified Exhibits.

Execution Date: 09/30/2021
End Date: 11/29/2023
Total Amount: $853,000,000.00
CDBG-DR Funds: $853,000,000.00
Brief Description: This amendment is to increase the budget to the Low Income Housing Tax Credits Program.

Execution Date: 09/18/2019
End Date: 11/29/2021
Total Amount: $100,000,000.00
CDBG-DR Funds: $100,000,000.00
Brief Description: The Amendment serves the purpose of amending Exhibits B, C, and D, and adding Exhibit E, among other regulatory amendments.

The Puerto Rico Department of Housing and the CDBG-DR/MIT Program does not discriminate on the basis of race, color, national origin, sex, age, religion, sexual orientation, gender identity or disability. Reasonable accommodations, including assistance and services, are provided upon request to allow a person with a disability an equal opportunity to participate in all programs and activities. The Puerto Rico Department of Housing continually strives to make this web platform easy to navigate for screen readers, as well as other accessibility-related functionality, in addition to providing access to documents. To request assistance with this website or copy of a specific document, you may contact .
Last update: 07-02-2025 EN Bottom disclaimer