Section 202 Supportive Housing for the Elderly Program
The summary for the Section 202 Supportive Housing for the Elderly Program grant is detailed below.
This summary states who is eligible for the grant, how much grant money will be awarded, current and past deadlines, Catalog of Federal Domestic Assistance (CFDA) numbers, and a sampling of similar government grants.
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If any section is incomplete, please visit the website for the Department of Housing and Urban Development, which is the U.S. government agency offering this grant.
Section 202 Supportive Housing for the Elderly Program: 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.
| Federal Grant Title: | Section 202 Supportive Housing for the Elderly Program |
| Federal Agency Name: | Department of Housing and Urban Development |
| Grant Categories: | Housing |
| Type of Opportunity: | Discretionary |
| Funding Opportunity Number: | FR-5200-N-26 |
| Type of Funding: | Grant |
| CFDA Numbers: | 14.157 |
| CFDA Descriptions: | Supportive Housing for the Elderly |
| Current Application Deadline: | Jul 10, 2008 |
| Original Application Deadline: | Jul 10, 2008 |
| Posted Date: | May 04, 2008 |
| Creation Date: | May 04, 2008 |
| Archive Date: | Jul 11, 2008 |
| Total Program Funding: | |
| Maximum Federal Grant Award: | $431,706,000 |
| Minimum Federal Grant Award: | |
| Expected Number of Awards: | |
| Cost Sharing or Matching: | 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.
- Link to Full Grant Announcement
- Information not provided
- Grant Announcement Contact
- Alicia Anderson (202) 708-3000
Program Contact [[email protected]] - Similar Government Grants
- • FY 2023 Section 202 Supportive Housing for the Elderly Program
- • FY 2022 Section 202 Supportive Housing for the Elderly Program
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