News related to "section 202"
Choose an article below to learn more about this topic.
On June 2, 2020 by Bobbie Guidry
The U.S. Department of Housing & Urban Development (HUD) this week published a funding allocation update on COVID-19 relief from the CARES Act. Of the $1 billion approved for Project-Based Rental Assistance (PBRA), HUD will complete $800 million in funding allocations during the week of June 1 to help communities prevent, prepare for, and respond to the coronavirus through regular operations.
On February 18, 2020 by Jodi Boyne
Yes. You read that correctly. The U.S. Department of Housing & Urban Development (HUD) is seeking a 15% cut to its own funding in fiscal year 2021 that will have a detrimental impact on programs that serve older adults.
On September 10, 2019 by Bobbie Guidry
Effective immediately, HUD providers of Section 202 Housing for the Elderly with Project Rental Assistance Contracts (202/PRACs) can begin to leverage private capital to preserve their affordable housing over the long-term.
On July 10, 2019 by Jodi Boyne
The U.S. House approved a bill that increases overall HUD funding by 7%, rejecting the White House’s request to cut thr HUD budget by 18% for the fiscal year that begins Oct. 1. For HUD’s Section 202 Housing for the Elderly account, the bill increases funding by almost 19% compared to fiscal year 2019.
On April 10, 2019 by Bobbie Guidry
The U.S. Housing & Urban Development Department (HUD) released a Notice of Funding Availability (NOFA) for new Section 202 funds. There is $50 million for the construction and ongoing rental subsidy of Section 202 homes. HUD expects to make approximately 30 awards. The deadline to apply is Aug. 28.