NAHMA HUD Update: HUD Issues Notice of Funding Opportunity for Section 202 Housing for the Elderly ProgramJanuary 12, 2021 Dear NAHMA Members, HUD’s Office of Housing recently published a Notice of Funding Opportunity (NOFO) for FY 2020 Section 202 Supportive Housing for the Elderly. HUD is providing approximately $ 150 million in funding through Capital Advance funding and project rental subsidies. Through this NOFO, HUD expects to make approximately 45 awards from the funds available. This funding opportunity, leveraged with other financing sources, will expand affordable housing opportunities and services for older adults while increasing the stock of new Section 202 homes. Please note that the deadline for submitting application is May 26, 2021. Additional information on HUD funding opportunities for Section 202 is available here. The Notice of Funding Opportunity for FY 2020 Section 202 Supportive Housing for the Elderly Program is attached and available here. The Application for the FY 2020 Section 202 Supportive Housing for the Elderly Program can be found here (in the upper left corner is the “Opportunity Number” search tab, please enter FR-6400-N-52 to begin the application process. Interested members will need to login with their Grants.gov username and password). The FY 2020 Section 202 Capital Advance NOFA Frequently Asked Questions are attached and also available here. |