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40B Lottery Consultants and Affordable Housing

Limited Dividend Organization: any entity which proposes to sponsor a Project under Chapter 40B;

and is not a public agency or a nonprofit; and is eligible to receive a Subsidy from a Subsidizing Agency after a Comprehensive Permit has been issued and which, unless otherwise governed by a federal act or regulation, agrees to comply with the requirements of the Subsidizing Agency relative to a reasonable

return for building and operating the Project.

Local Initiative Program (LIP): a program administered by DHCD that provides technical assistance in lieu of a cash subsidy to allow low or moderate income units that are financed without a Federal or State cash subsidy to be placed on the Subsidized Housing Inventory.