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HUD Funding Available for New Elderly Supportive Housing, NOFO Training Announced

On September 22, HUD's Office of Multifamily Housing published its Section 202 Notice of Funding Opportunity (NOFO) for Fiscal Year 2022. The NOFO provides up to $174.6 million in grant funding opportunities through the Section 202 program. Applications are due by January 25, 2023.

This NOFO makes funds available for the development of new housing and rental assistance for low-income seniors.

Under the Section 202 Supportive Housing for the Elderly program, HUD provides upfront “capital advances” to nonprofit sponsors to finance the development of supportive rental housing for elderly very low-income residents, as well as a “Project Rental Assistance Contract” (PRAC) to keep rents affordable. The program provides elderly persons 62 years of age or older with the opportunity to live independently in an environment that provides support services to meet their unique needs.

HUD’s 202 Capital Advance NOFO Team is hosting a series of webinars on key application topics. Use the links below to register:

NOFO Overview October 12, 2022
2:00–3:00 PM EDT
Register Now
NOFO Scoring October 13, 2022
2:00–3:00 PM EDT
Register Now
Toolkit October 18, 2022
2:00–3:00 PM EDT
Register Now
Environmental Screening October 20, 2022
2:00–3:00 PM EDT
Register Now
Site and Neighborhood Standards October 27, 2022
2:00–3:00 PM EDT
Register Now

 

Read the NOFO here. See the grants.gov page here. Read the press release here.

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