El Paso Collaborative For Community And Economic Development

Affordable rental program sixteen of the organization's rental homes transferred are part of the neighborhood stabilization program-2 ("nsp-2"), which is a federal program administered by the u.s. Department of housing and urban development ("hud"). The houses are subject to covenants in favor of hud, which require the homes to be offered for rent to low, moderate-and median-income families at rental rates not to exceed the high-home rent limits published by hud. During the fiscal year 2024, epc transferred the ownership interest of its rental homes to project vida, an affiliated exempt organization. Epc continues to administer the program.