Section 202 Supportive Housing for the Elderly Program

The summary for the Section 202 Supportive Housing for the Elderly Program Federal Grant is detailed below. It contains information such as the Catalog of Federal Domestic Assistance (CFDA) number, who is eligible for the grant, how much grant money will be awarded, important deadlines, and a sampling of similar government grants. Verify the accuracy of the data FederalGrants.com provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed in the Grant Announcement Contact section. If these sections are incomplete, please visit the website of the government agency that is offering this grant.


	Federal Grant Title:	Section 202 Supportive Housing for the Elderly Program
	CFDA Number:	14.157
	CFDA Description:	Supportive Housing for the Elderly
	Federal Agency Name:	Department of Housing and Urban Development
	Category of Funding Activity:	Housing
	Category Explanation:	Information not provided
	Opportunity Category:	Discretionary
	Funding Opportunity Number:	FR-5200-N-26
	Document Type:	Grants Notice
	Funding Instrument Type:	Grant
	Posted Date:	May 04, 2008
	Creation Date:	May 04, 2008
	Original Closing Date for Applications:	Jul 10, 2008
	Current Closing Date for Applications:	Jul 10, 2008
	Archive Date:	Jul 11, 2008
	Expected Number of Awards:	Information not provided
	Estimated Total Program Funding:	Information not provided
	Federal Grant Award Ceiling:	$431,706,000
	Federal Grant Award Floor:	Information not provided
	Cost Sharing or Matching Requirement:	No

Applicants Eligible for this Grant: Others (see text field entitled "Additional Information on Eligibility" for clarification)
Additional Information on Eligibility: Private nonprofit organizations and nonprofit consumer cooperatives that meet the threshold requirements contained in the General Section and Section III.C. 2. of this NOFA are the only eligible applicants under this Section 202 program. Neither a public body nor an instrumentality of a public body is eligible to participate in the program. Applicant eligibility for purposes of applying for a Section 202 fund reservation under this NOFA has not changed; i.e., all Section 202 Sponsors and Co-Sponsors must be private nonprofit organizations and nonprofit consumer cooperatives. However, the Owner corporation, when later formed by the Sponsor, may be (1) a single-purpose private nonprofit organization that has tax-exempt status under Section 501(c)(3) or Section 501(c)(4) of the Internal Revenue Code of 1986, (2) nonprofit consumer cooperative, or (3) for purposes of developing a mixed-finance project pursuant to the statutory provision under Title VIII of the American Homeownership and Economic Opportunity Act of 2000, a for-profit limited partnership with a private nonprofit organization as the sole general partner.
Grant Description: HUD provides capital advances and contracts for project rental assistance in accordance with 24 CFR part 891. Capital advances may be used for the construction or rehabilitation of a structure, or acquisition of a structure with or without rehabilitation. Capital advance funds bear no interest and are based on development cost limits in Section IV.E.3. Repayment of the capital advance is not required as long as the housing remains available for occupancy by very low-income elderly persons for at least 40 years. PRAC funds are used to cover the difference between the tenants' contributions toward rent (30 percent of adjusted income) and the HUD-approved cost to operate the project. PRAC funds may also be used to provide supportive services and to hire a service coordinator in those projects serving frail elderly residents. The supportive services must be appropriate to the category or categories of frail elderly residents to be served.
Link to Full Grant Announcement: https://apply07.grants.gov/apply/forms_apps_idx.html
Grant Announcement Contact: Alicia Anderson (202) 708-3000

Program Contact [alicia.anderson@hud.gov]
Similar Government Grants: • Section 202 Supportive Housing for the Elderly; • Section 202 Demonstration Pre-Development Grant Program; • Section 202 Supportive Housing for the Elderly Reopen; • Section 202 Demonstration Pre-Development Grant Program