Klein Hornig Housing Alert – January 2021

HUD Issues NOFA for $150 Million Under Section 202 Supportive Housing for the Elderly Program

By: Jessie Cassella and Nuryllen Aguasvivas 

On January 12th, HUD issued a Notice of Funding Availability (“NOFA”), available here, making up to $150 million available for competitive awards under HUD’s Section 202 Supportive Housing for the Elderly Program (the “Section 202 Program”).  Funding for the Section 202 Program was last awarded in 2019, and prior to that, in 2010.  The funding for this NOFA includes the remainder of the federal funds appropriated for FY 18, as well as funds appropriated for FY 19 and a portion of the funds appropriated for FY 20.  Many developers, owners, and investors have anxiously awaited HUD’s posting of this NOFA. Read More

Should you have any questions about this KH Housing Alert or require any further information, please contact Jessie Cassella at jcassella@kleinhornig.com or Nuryllen Aguasvivas at naguasvivas@kleinhornig.com

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This housing alert is intended as a source of information for clients and friends of Klein Hornig LLP. The content should not be construed as legal advice, and readers should not act upon information in this publication without professional counsel. This housing alert may be considered advertising under certain rules of professional conduct. Copyright © 2021 Klein Hornig LLP. All rights reserved.