HUD issued a Notice of Funding Availability (NOFA) for Section 202 funds. Section 202 provides Capital Advance funding and project rental subsidies for the development and ongoing operation of supportive rental housing for very low-income persons, aged 62 years or older.
Applicants are limited to nonprofits with a 501(c)(3) status with the Internal Revenue Service. The NOFA makes $50 million in funding available, with a maximum award of $5 million and a minimum award of $50,000. Applications are due on August 28 by 11:59 pm EDT.
