HUD Issues NOFA for $50 Million under Section 202 Supportive Housing for the Elderly Program
By. Benjamin Funk
On April 4th, HUD issued a Notice of Funding Availability (the “NOFA”) making up to $50 million available for competitive award under HUD’s Section 202 Supportive Housing for the Elderly Program (the “202 Program”). Funding for capital advances under the 202 Program was last made available nearly a decade ago, in 2010. Many developers of, owners of, and investors in affordable housing for very-low income elderly households have anxiously awaited HUD’s posting of the NOFA.
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