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News related to "section 202"
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Senators Seek Bold Housing Funding
On May 16, 2024 by LeadingAge
On May 10, Senator Robert Menendez (D-NJ) led a letter to Senate Appropriations HUD Subcommittee Chair Brian Schatz (D-HI) and Ranking Member Cindy Hyde-Smith (R-MS) urging strong funding in fiscal year 2025 for affordable housing programs serving older adults and persons with disabilities.
HUD Outlines Plans to Implement New Housing Inspections
On December 22, 2022 by Bobbie Guidry
As HUD readies its new NSPIRE housing inspection protocol, the agency has begun to share details of the Real Estate Assessment Center's (REAC) new protocol implementation, scheduled for October 2023.
HUD Announces CARES Act Allocation for Project-Based Communities
On June 2, 2020 by Bobbie Guidry
The U.S. Department of Housing & Urban Development (HUD) this week published a funding allocation update on COVID-19 relief from the CARES Act. Of the $1 billion approved for Project-Based Rental Assistance (PBRA), HUD will complete $800 million in funding allocations during the week of June 1 to help communities prevent, prepare for, and respond to the coronavirus through regular operations.
HUD Seeks 15% Budget Cut but More Funding for Section 202 Housing
On February 18, 2020 by Jodi Boyne
Yes. You read that correctly. The U.S. Department of Housing & Urban Development (HUD) is seeking a 15% cut to its own funding in fiscal year 2021 that will have a detrimental impact on programs that serve older adults.
Section 202/PRACs Can Now Leverage Private Capitol to Preserve Affordable Housing
On September 10, 2019 by Bobbie Guidry
Effective immediately, HUD providers of Section 202 Housing for the Elderly with Project Rental Assistance Contracts (202/PRACs) can begin to leverage private capital to preserve their affordable housing over the long-term.
U.S. House Passes 2020 HUD Appropriations Bill
On July 10, 2019 by Jodi Boyne
The U.S. House approved a bill that increases overall HUD funding by 7%, rejecting the White House’s request to cut thr HUD budget by 18% for the fiscal year that begins Oct. 1. For HUD’s Section 202 Housing for the Elderly account, the bill increases funding by almost 19% compared to fiscal year 2019.
HUD Announces New Sec. 202 Housing Funds
On April 10, 2019 by Bobbie Guidry
The U.S. Housing & Urban Development Department (HUD) released a Notice of Funding Availability (NOFA) for new Section 202 funds. There is $50 million for the construction and ongoing rental subsidy of Section 202 homes. HUD expects to make approximately 30 awards. The deadline to apply is Aug. 28.