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HUD AWARDS $143 MILLION IN GRANTS TO SUPPORT CONSTRUCTION AND PROJECT RENTAL ASSISTANCE FOR NEW MULTIFAMILTY HOUSING FOR VERY LOW-INCOME SENIORS

The U.S. Department of Housing and Urban Development's (HUD) Office of Multifamily Housing Programs announced on Wednesday that it has awarded $143 million in grants to non-profit organizations across the country to support the development of new affordable multifamily rental housing along with ongoing project rental assistance for very low-income seniors.

HUD AWARDS $143 MILLION IN GRANTS TO SUPPORT CONSTRUCTION AND PROJECT RENTAL ASSISTANCE FOR NEW MULTIFAMILY HOUSING FOR VERY LOW-INCOME SENIORS

                                                                                          
WASHINGTON – The U.S. Department of Housing and Urban Development's (HUD) Office of Multifamily Housing Programs announced on Wednesday that it has awarded $143 million in grants to non-profit organizations across the country to support the development of new affordable multifamily rental housing along with ongoing project rental assistance for very low-income seniors.

The awards were made under HUD's Section 202 Supportive Housing for the Elderly program and will help fund the construction and operation of 1,484 new deeply rent-assisted units for low- and very low-income seniors who will pay rent based on their income.  Several of the grantees will be creating mixed-income communities, building 701 additional affordable and market-rate units as part of these funded projects, for a total of 2,185 homes.
 
“These awards support the Biden-Harris Administration's commitment to increase housing stability among the nation's most vulnerable populations, including the very low-income seniors these grants will ultimately help,” said Office of Housing Principal Deputy Assistant Secretary Lopa Kolluri.
 
Section 202 grants provide very low-income elderly persons 62 years of age or older with the opportunity to live independently in an environment that provides support services to meet their unique needs. HUD provides these funds to non-profit organizations in two forms:
 
  • Capital Advances: This is funding that covers the cost of developing, acquiring, or rehabilitating the development. Repayment is not required as long as the housing remains available for occupancy by very low-income elderly persons for at least 40 years.
  • Project Rental Assistance Contracts: This is renewable project-based funding which covers the difference between residents' contributions toward rent and the cost of operating the project. Section 202 program eligibility requires residents to be very low-income or earning less than 50 percent of the area median income. However, most households in the Section 202 program earn less than 30 percent of the median for their area.
 
The following grantees are receiving funding awards:
 
Section 202 Supportive Housing for the Elderly Awards
 
State   City   Sponsor   Award (Millions)   PRAC Units   Total Units  
AZ   Surprise   GEM Housing Solutions   $ 9.1   99   99  
CA   Imperial   EAH Inc.   $ 2.4   54   69  
CA   Baldwin Park   Retirement Housing Foundation   $ 3.8   17   55  
DC   Washington   Enterprise Community Development   $ 4.5   50   151  
DE   Wilmington   Ministry of Caring, Inc.   $ 3.4   24   24  
IA   Des Moines   AHEPA Affordable Housing Management Company, Inc.   $ 8.9   100   100  
IN   South Bend   AHEPA Affordable Housing Management Company, Inc.   $ 7.8   80   80  
KY   Louisville   New Directions Housing Corporation   $ 5.2   36   36  
KY   Irvine   The Housing Partnership   $ 1.6   30   30  
MA   Boston   Planning Office for Urban Affairs, Inc.   $ 2.3   11   30  
MD   Baltimore   Enterprise Community Development   $ 1.0   76   84  
MD   Baltimore   Enterprise Community Development   $ 3.6   19   59  
ME   Calais   Washington County Association for Retarded Citizens   $ 3.2   26   26  
MI   Center Line   CSI Support & Development Services     $ 1.9   103   157  
MI   Flint   Presbyterian Villages of Michigan   $ 8.2   149   149  
MO   St. Louis   Lutheran Senior Services   $ 5.3   30   80  
NC   Yanceyville   DreamKey Partners   $ 8.1   53   53  
NC   Salisbury   Osceola County Council on Aging, Inc.   $ 6.2   36   64  
NJ   Williamstown   Diocesan Housing Services Corp. of the Diocese of Camden   $ 8.6   42   75  
NJ   Gibbstown   Volunteers of America Delaware Valley, Inc.   $ 7.3   55   55  
NY   Silver Creek   Region 9 UAW Housing Corporation   $ 4.6   24   47  
OH   Cleveland Heights   Benjamin Rose Institute on Aging   $ 1.3   20   20  
OH   Cleveland   CHN Housing Partners   $ 3.4   46   46  
OH   Cincinnati   National Church Residences   $ 5.8   52   83  
OH   Toledo   National Church Residences   $ 5.9   30   75  
SC   Abbeville   Merchants Affordable Housing Corp.   $ 3.3   40   40  
TN   Knoxville   Southeastern Housing Foundation II   $ 7.7   50   153  
TX   Seguin   National Church Residences   $ 2.3   14   60  
WA   Tacoma   Korean Women's Association   $ 3.3   20   87  
WV   Huntington   Cornerstone Community Development Corp.   $ 3.4   98   98  
        TOTAL   $ 143 M   1,484   2,185  
                       

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