USDA’s Rural Housing Service published a Notice of Solicitation of Applications entitled, Multi-Family Housing Preservation and Revitalization (MPR) Demonstration Program-Section 514 and Section 515 for Fiscal Year 2022.
This program offers deferral of loan payments on existing Section 514 Off-FLH or Section 515 RRH agency loans obligated on or after Oct. 1, 1991. The program objective is to revitalize and preserve existing affordable housing in rural areas. This NOSA closes on May 16 at 5 p.m. ET.
Rural Housing Service will host a MPR NOSA Workshop on April 5 at 2 p.m. ET to discuss the application process, borrower/applicant eligibility and responsibilities and other pertinent topics. Register here.
