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HUD Announces Competition for $150M New Section 202 Funds
On January 20, 2021 by Bobbie Guidry
On January 11, HUD announced its competition for $150 million in new Section 202 Supportive Housing for the Elderly funds. The application deadline for these funds is May 26, 2021.
The Notice of Funding Opportunity (NOFO) is similar in many ways to the last HUD Section 202 NOFO issued in April 2019. That NOFO was for $51 million and ultimately provided Section 202 Capital Advance and Project Rental Assistance Contract (PRAC) funding for 575 units via 18 nonprofit-controlled communities when the awards were announced in February 2020.