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What is required to create a Housing Infrastructure Project?

The requirements to create a Housing Infrastructure Project include:

  • a Housing Development Plan, 
  • a Housing Development Site, 
  • a detailed description of the infrastructure improvements, and 
  • the types of costs and amount of cost of the improvement that may be financed with CHIP debt. 

This means that the Housing Infrastructure Project, whether owned by the municipality or the developer, must be planned prior to seeking VEPC approval for CHIP.