Can a for-profit entity (private developer) be the lead applicant and still be eligible for the 10% match threshold if they execute a memorandum of understanding (MOU) with a nonprofit public benefit company service provider partner, or do the two have to be co-applicants (for-profit and nonprofit)?
“Only nonprofit entities are entitled to the 10 percent match. To meet the 10 percent match requirement, either the applicant or the co-applicant must be a nonprofit company. If a […]