It's for stabilization of deteriorating neighborhoods due to superstorm sandy.
The part that stopped me was this line: "The program initially will provide zero interest, 100% forgivable loans to Community Housing Development Organizations (CHDOs) and Community Development Financial Institutions (CDFIs). Depending on the extent of program demand, the program may be expanded to for-profit and/or other non-profit developers, as set forth in the action plan."
Just wondered if anyone has applied for this? I'm too small potatoes.