NAHMA Rural Housing Update: USDA announces RFP for Multi-Family Housing Transfer and Prepayment Technical Assistance Grants
USDA published a Request for Proposals: Multi-Family Housing Transfer and Prepayment Technical Assistance Grants. The Technical Assistance grants authorized under this Notice are for the purpose of facilitating the transfer and preservation of existing Section 515 Rural Rental Housing (RRH) properties with maturing mortgages.
In 2017, Congress appropriated $1 million to provide grants to qualified non-profit organizations and public housing authorities to provide financial and legal technical assistance to MFH loan applicants to facilitate the acquisition of Rural Housing Service (RHS) Section 515 properties with maturing mortgages, in areas at risk of losing affordable housing. Work performed under these grants is expected to result in the preservation and continued availability of decent, safe, and sanitary housing.
Responding entities are encouraged to submit a grant proposal for multiple local areas within the same region. Program and application guidance is available here. The deadline for receipt of all proposals in response to this RFP is 5:00 pm EST on March 29th, 2018.
The attached Request for Proposals can also be viewed online here.
Juliana Bilowich, Government Affairs Coordinator
National Affordable Housing Management Association
400 N. Columbus St., Suite 203, Alexandria, VA 22314
Phone 703-683-8630, ext.116 Email email@example.com, Website www.nahma.org
NAHMA is the leading voice for affordable housing management, advocating on behalf of multifamily property managers and owners whose mission is to provide quality affordable housing.