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HUD Makes $174.6 Million in Grant Funding Available for Construction
On September 28, 2022 by Bobbie Guidry
The U.S. Department of Housing and Urban Development (HUD) announced $174.6 million in grant funds through a Notice of Funding Opportunity (NOFO) to support the development of new affordable multifamily rental homes for low-income seniors and ongoing project rental assistance and supportive services. The grants are offered under HUD's Section 202 Supportive Housing for the Elderly program and will be awarded to nonprofit organizations across the country.