The Strategic Growth Council has given the green light to 54 potential projects to prepare full applications for funding under the newly created Affordable Housing and Sustainable Communities program. The 54 projects are seeking $301 million in funding -- about 2 1/2 times as much as the $120 million program has to dole out.

Final applications must be completed by April 20 and SGC plans to select the winners by July. Only the 54 applicants on the finalists' list will be given access to the online application.

Of the 54 applications going forward, 44 (worth $235 million) have affordable housing setasides and 37 (worth $229 million) are located in disadvantaged Census tracts -- the definition of which was the subject of considerable debate last year.The finalists represent a diverse array of communities in 22 counties.