WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today awarded more than $51 million in housing assistance to non-profit organizations across the country to finance more affordable housing construction, provide rental assistance, and facilitate supportive services delivery for very low-income seniors.

“Expanding affordable housing opportunities is a priority, especially for our nation’s most vulnerable populations,” said HUD Secretary Ben Carson. “These awards will facilitate capital investment in senior housing developments and create roughly 1,100 new homes, the majority for very low-income seniors.”

“The combination of Capital Advance and Project Rental Assistance grants creates greater supply of new rental units and supports the viability of existing properties,” said Federal Housing Commissioner Brian Montgomery.

Requiring leverage with other sources of private capital, HUD has significantly reduced the reliance on federal investment for the development of these properties–$88,000 per unit today compared to $156,000 per unit in 2012–the last time HUD made Section 202 construction/ rehabilitation grant awards.

Section 202 grants provide very low-income elderly persons 62 years of age or older with the opportunity to live independently in an environment that provides support services to meet their unique needs. HUD provides these funds to non-profit organizations in two forms:

  • Capital Advances. This is funding that covers the cost of developing, acquiring, or rehabilitating the development. Repayment is not required as long as the housing remains available for occupancy by very low-income elderly persons for at least 40 years.
  • Project Rental Assistance Contracts (PRAC). This is project-based funding which covers the difference between residents’ contributions toward rent and the cost of operating the project.

Program eligibility requires residents to be very low-income or earning less than 50 percent of the area median income. However, most households that receive Section 202 earn less than 30 percent of the median for their area. The following grantees are receiving funding awards:

Section 202 Grant Awards

State
Grantee
PRAC Units
Total Project Units
Award Amount
Hartford, CT New Samaritan Corporation
22
22
$4,648,305
Douglasville, GA National Church Residences
16
90
$2,577,352
Warner Robins, GA Community Housing and Development Corporation*
120
120
$1,132,640
Newton, MA Jewish Community Housing for the Elderly III, Inc.
25
25
$4,176,269
Baltimore City, MD Comprehensive Housing Assistance, Inc*
40
75
$3,734,840
Baltimore, MD CSI Support & Development Services
7
81
$1,141,097
Anoka, MN Volunteers of America National Services
10
80
$2,051,803
Albuquerque, NM Elderly Housing Development and Operations Corporation
20
40
$2,096,945
Cleveland, OH Vesta Longfellow, LLC
6
56
$1,234,596
East Cleveland, OH The McGregor Foundation
80
80
$3,461,280
Columbus, OH National Church Residences
28
76
$4,971,176
Village of Windham, OH Neighborhood Development Services, Inc*
30
30
$4,937,980
Collingdale, PA Catholic Housing and Community Services
21
50
$871,055
City of Dillon, SC Tapestry Development Group, Inc.*
33
33
$2,661,593
Austin, TX Guadalupe Neighborhood Development Corporation
26
34
$4,191,637
Frederick, VA Wesley Housing Development Corporation of Northern Virginia
11
63
$2,056,299
Seattle, WA HumanGood Affordable Housing
20
82
$3,129,490
Tacoma, WA Mercy Housing Northwest*
60
60
$2,573,395
Total
575
1,097
$51,647,750

*Denotes an Opportunity Zone property.

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HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all.
More information about HUD and its programs is available on the Internet
at www.hud.gov and http://espanol.hud.gov

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