This program offered by the Department of Housing and Urban Development (HUD) provides capital advances and project rental assistance for the construction, rehabilitation, or acquisition of housing for very low-income elderly persons. The capital advances have no interest and repayment is not required as long as the housing remains available for occupancy for at least 40 years. Project Rental Assistance Contracts (PRAC) cover the operational costs and can also be used for supportive services and hiring service coordinators for frail elderly residents. Applications must be submitted by Jul 10, 2008.
Opportunity ID: 41535
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | FR-5200-N-26 |
| Funding Opportunity Title: | Section 202 Supportive Housing for the Elderly Program |
| Opportunity Category: | Discretionary |
| Opportunity Category Explanation: | – |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Housing |
| Category Explanation: | – |
| Expected Number of Awards: | – |
| Assistance Listings: | 14.157 — Supportive Housing for the Elderly |
| Cost Sharing or Matching Requirement: | No |
| Version: | Synopsis 1 |
| Posted Date: | May 04, 2008 |
| Last Updated Date: | – |
| Original Closing Date for Applications: | Jul 10, 2008 |
| Current Closing Date for Applications: | Jul 10, 2008 |
| Archive Date: | Jul 11, 2008 |
| Estimated Total Program Funding: | – |
| Award Ceiling: | $431,706,000 |
| Award Floor: | – |
Eligibility
| Eligible Applicants: | Others (see text field entitled “Additional Information on Eligibility” for clarification) |
| Additional Information on Eligibility: | Private nonprofit organizations and nonprofit consumer cooperatives that meet the threshold requirements contained in the General Section and Section III.C. 2. of this NOFA are the only eligible applicants under this Section 202 program. Neither a public body nor an instrumentality of a public body is eligible to participate in the program. Applicant eligibility for purposes of applying for a Section 202 fund reservation under this NOFA has not changed; i.e., all Section 202 Sponsors and Co-Sponsors must be private nonprofit organizations and nonprofit consumer cooperatives. However, the Owner corporation, when later formed by the Sponsor, may be (1) a single-purpose private nonprofit organization that has tax-exempt status under Section 501(c)(3) or Section 501(c)(4) of the Internal Revenue Code of 1986, (2) nonprofit consumer cooperative, or (3) for purposes of developing a mixed-finance project pursuant to the statutory provision under Title VIII of the American Homeownership and Economic Opportunity Act of 2000, a for-profit limited partnership with a private nonprofit organization as the sole general partner. |
Additional Information
| Agency Name: | Department of Housing and Urban Development |
| Description: | HUD provides capital advances and contracts for project rental assistance in accordance with 24 CFR part 891. Capital advances may be used for the construction or rehabilitation of a structure, or acquisition of a structure with or without rehabilitation. Capital advance funds bear no interest and are based on development cost limits in Section IV.E.3. Repayment of the capital advance is not required as long as the housing remains available for occupancy by very low-income elderly persons for at least 40 years. PRAC funds are used to cover the difference between the tenants’ contributions toward rent (30 percent of adjusted income) and the HUD-approved cost to operate the project. PRAC funds may also be used to provide supportive services and to hire a service coordinator in those projects serving frail elderly residents. The supportive services must be appropriate to the category or categories of frail elderly residents to be served. |
| Link to Additional Information: | Application Package Download web page |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
Alicia Anderson
(202) 708-3000 Email:alicia.anderson@hud.gov |
Version History
| Version | Modification Description | Updated Date |
|---|---|---|
Related Documents
Folder 41535 Full Announcement-1 -> 5200.26 SECTION 202 SUPPORTIVE HOUSING FOR THE ELDERLY PROGRAM.pdf
Folder 41535 Other Supporting Documents-SuperNOFA Technical Correction 1 -> SuperNOFA Technical Correction JUNE.pdf
Packages
| Agency Contact Information: | Alicia Anderson (202) 708-3000 Email: alicia.anderson@hud.gov |
| Who Can Apply: | Organization Applicants |
| Assistance Listing Number | Competition ID | Competition Title | Opportunity Package ID | Opening Date | Closing Date | Actions |
|---|---|---|---|---|---|---|
| 14.157 | S202-26 | Section 202 Supportive Housing for the Elderly Program | PKG00007068 | May 04, 2008 | Jul 10, 2008 | View |
Package 1
Mandatory forms
41535 SF424-2.0.pdf
41535 HUD_FaxTransmittal-1.1.pdf
Optional forms
41535 HUD_CommunityInitiative-1.1.pdf
41535 HUD_DisclosureUpdateReport-1.1.pdf
41535 FaithBased_SurveyOnEEO-1.2.pdf
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