Section 202 Supportive Housing for the Elderly

HUD provides capital advances and contracts for project rental assistance in accordance with 24 CFR part 89 1. Capital advances must be used for the construction or rehabilitation of a structure, or acquisition of a structure with or without rehabilitation.

(See Section IV.E.3, below, for

credit:


additional information on calculating the capital advance amount.) 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.
Related Programs

Supportive Housing for the Elderly

Department of Housing and Urban Development


Agency: Department of Housing and Urban Development

Office:

Estimated Funding: $371,000,000





Obtain Full Opportunity Text:
Application Package and Instructions Download using CFDA number ONLY.

Additional Information of Eligibility:
Private nonprofit organizations and nonprofit consumer cooperatives that meet the threshold requirements contained in the General Section and Section III.C.

2, are the only eligible applicants under this Section 202 program.

Neither a public body or tribe nor an instrumentality or agency of a public body or tribe is eligible to participate in the program.

Nonprofit entities associated with public bodies or tribes must establish their eligibility by providing an attorney�s opinion stating that under state or tribal law the associated entity is not an instrumentality or agency of the public body or tribe and confirming that such entity: � Meets the definition of �private nonprofit organization� or �nonprofit organization� under part 891; � Has Articles of Incorporation which provide no more than minority control by the public body or tribe; and � Is not receiving a majority of its operational funding from the public body or tribe.

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, must be (1) a single-purpose and single-asset 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 or a corporation wholly owned and controlled by a private nonprofit organization as the sole general partner.



Full Opportunity Web Address:


Contact:


Agency Email Description:


Agency Email:
alicia.anderson@hud.gov

Date Posted:
2011-03-04

Application Due Date:
2011-06-21

Archive Date:
2011-07-30


Mashable  is teaming up with Google+ for its first-ever Hangout-a-thon on Dec. 3 for Giving Tuesday. The Hangout-a-thon is a phoneathon for the connected generation of the 21st century, which features 12 hours of captivating guests sharing updates on some of the most disruptive nonprofits working today.






More Federal Domestic Assistance Programs


Complex Humanitarian Emergency and War-Related Injury Public Health Activities | Recovery Act State and Local Law Enforcement Assistance Program: Combating Criminal Narcotics Activi | Community Connect Grant Program | Family Planning_Services | International Education Training and Research |  Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy


Edited by: Michael Saunders

© 2004-2024 Copyright Michael Saunders