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FY 2020 Section 202 Supportive Housing for the Elderly Program
HUD is providing Capital Advance funding and project rental subsidies for the development and ongoing operation of supportive rental housing for very low-income persons, aged 62 years or older.
This funding, leveraged with other financing sources, will expand affordable housing opportunities that
are physically designed and that have a robust set of services that will allow seniors to live independently and age in community.
This funding, leveraged with other financing sources, will expand affordable housing opportunities that
are physically designed and that have a robust set of services that will allow seniors to live independently and age in community.
Agency: Department of Housing and Urban Development
Office: Department of Housing and Urban Development
Estimated Funding: $150,000,000
Office: Department of Housing and Urban Development
Estimated Funding: $150,000,000
Who's Eligible
Obtain Full Opportunity Text:
https://www.hud.gov/program_offices/spm/gmomgmt/grantsinfo/fundingopps
Additional Information of Eligibility:
Private non-profit organizations that have tax-exempt status under Section 501(c)(3) or Section 501(c)(4) of the Internal Revenue Code of 1986, and non-profit consumer cooperatives are the only eligible applicants under this Section 202 program.
The Owner corporation, when later formed by the Sponsor, must be: a single-purpose and single-asset private non-profit organization that has tax-exempt status under Section 501(c)(3) or Section 501(c)(4) of the Internal Revenue Code of 1986; non-profit consumer cooperative, or 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, as amended, a for-profit limited partnership of which all general partner interests are held by a) one or more private non-profit organization(s) that have tax exempt status under Section 501(c)(3) or Section 501(c)(4) of the Internal Revenue Code of 1986, b) a corporation wholly owned and controlled by one or more private non-profit organization(s) that have tax exempt status under Section 501(c)(3) or Section 501(c)(4) of the Internal Revenue Code of 1986, or c) a limited liability company wholly owned and controlled by one or more private non-profit organization(s) that have tax exempt status under Section 501(c)(3) or Section 501(c)(4) of the Internal Revenue Code of 1986.
Non-profit entities associated with public bodies or tribes are eligible applicants.
Individuals, foreign entities, and sole proprietorship organizations are not eligible to compete for, or receive, awards made under this announcement.
Full Opportunity Web Address:
https://www.hud.gov/program_offices/spm/gmomgmt/grantsinfo/fundingopps
Contact:
Agency Email Description:
William.A.Lavy@hud.gov
Agency Email:
Date Posted:
2021-01-11
Application Due Date:
Archive Date:
2021-04-23
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