FY 2023 Section 202 Supportive Housing for the Elderly Program
ID: 352540Type: Posted
Overview

Buyer

Department of Housing and Urban Development (HUD)

Award Range

$1 - $20M

Eligible Applicants

Others

Funding Category

Housing

Funding Instrument

Grant

Opportunity Category

Discretionary

Cost Sharing or Matching Requirement

Yes

Original Source

https://grants.gov/search-results-detail/352540

Additional Information

https://www.hud.gov/program_offices/cfo/gmomgmt/grantsinfo/fundingopps
Timeline
  1. 1
    Forecast Posted Not available
  2. 2
    Forecast Due Not available
  3. 3
    Posted Feb 21, 2024 12:00 AM
  4. 4
    Due Jun 20, 2024 12:00 AM
Description

The Department of Housing and Urban Development (HUD) has posted a grant opportunity titled "FY 2023 Section 202 Supportive Housing for the Elderly Program". This grant aims to provide funding for the development of supportive rental housing for Very-Low-Income persons aged 62 years or older. The program also includes project rental subsidies in the form of a Project Rental Assistance Contract (PRAC) to maintain ongoing affordability. The goal of this program is to offer elderly individuals the opportunity to live independently while receiving important voluntary support services such as nutritional, transportation, continuing education, and health-related services. Additionally, this year's notice of funding opportunity (NOFO) includes funding to support the development of intergenerational housing for elderly caregivers raising children. The grant funds can be used for construction, reconstruction, rehabilitation, or acquisition of a structure with or without rehabilitation. It is important to note that Capital Advance funds bear no interest and repayment is not required as long as the housing remains available for occupancy by Very-Low-Income Elderly Persons for at least 40 years. The deadline for applications is June 20, 2024, at 11:59:59 PM Eastern time. For more information and to apply, please visit the following link: https://www.hud.gov/program_offices/cfo/gmomgmt/grantsinfo/fundingopps

Files
No associated files provided.
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