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FY 2020 Section 202 Supportive Housing for the Elderly Program

ID: FR-6400-N-52 • Type: Posted

Description

HUD is providing 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. This funding, leveraged with other financing sources, will expand affordable housing opportunities that are physically designed and that have a robust set of services that will allow seniors to live independently and age in community.

Overview

Category of Funding
Housing
Opportunity Zone Benefits
Funding Instruments
Grant
Grant Category
Discretionary
Cost Sharing / Matching Requirement
True
Source
On 1/11/21 the Department of Housing and Urban Development posted grant opportunity FR-6400-N-52 for FY 2020 Section 202 Supportive Housing for the Elderly Program with funding of $150.0 million. The grant will be issued under grant program 14.157 Supportive Housing for the Elderly. It is expected that 45 total grants will be made worth between $1 and $20.0 million.

Timing

Posted Date
Jan. 11, 2021, 12:00 a.m. EST
Closing Date
May 26, 2021, 12:00 a.m. EDT Past Due
Closing Date Explanation
The application deadline is 11:59:59 pm Eastern Standard time on
Last Updated
Feb. 8, 2021, 4:15 p.m. EST
Version
3

Eligibility

Eligible Applicants
Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education
Others (see text field entitled "Additional Information on Eligibility" for clarification)
Additional Info
Private non-profit organizations that have tax-exempt status under Section 501(c)(3) or Section 501(c)(4) of the Internal Revenue Code of 1986, and non-profit consumer cooperatives are the only eligible applicants under this Section 202 program. The Owner corporation, when later formed by the Sponsor, must be: a single-purpose and single-asset private non-profit organization that has tax-exempt status under Section 501(c)(3) or Section 501(c)(4) of the Internal Revenue Code of 1986; non-profit consumer cooperative, or 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, as amended, a for-profit limited partnership of which all general partner interests are held by a) one or more private non-profit organization(s) that have tax exempt status under Section 501(c)(3) or Section 501(c)(4) of the Internal Revenue Code of 1986, b) a corporation wholly owned and controlled by one or more private non-profit organization(s) that have tax exempt status under Section 501(c)(3) or Section 501(c)(4) of the Internal Revenue Code of 1986, or c) a limited liability company wholly owned and controlled by one or more private non-profit organization(s) that have tax exempt status under Section 501(c)(3) or Section 501(c)(4) of the Internal Revenue Code of 1986. Non-profit entities associated with public bodies or tribes are eligible applicants. Individuals, foreign entities, and sole proprietorship organizations are not eligible to compete for, or receive, awards made under this announcement.

Award Sizing

Ceiling
$20,000,000
Floor
$1
Estimated Program Funding
$150,000,000
Estimated Number of Grants
45

Contacts

Contact
Department of Housing and Urban Development
Contact Phone
(202) 708-0667

Documents

Posted documents for FR-6400-N-52

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