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Section 202/PRACs Can Now Leverage Private Capitol to Preserve Affordable Housing

On September 10, 2019 by Bobbie DuChamp 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.  

U.S. House Passes 2020 HUD Appropriations Bill

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.

HUD Announces New Sec. 202 Housing Funds

On April 10, 2019 by Bobbie DuChamp 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.  

New Section 8 Renewal Policy Guidebook

On August 15, 2017 by Jodi Boyne

A new Section 8 Renewal Policy Guidebook that applies to all renewal and amended rent submissions post-marked on or after July 28, 2017 is now available.  

Save HUD 202 Rally Set for June 27

On June 20, 2017 by Bobbie DuChamp Guidry

Hundreds of LeadingAge members, older adults and partners will participate in the Save HUD 202 Rally on June 27 in Washington DC to send a strong message to lawmakers to fully fund the growing need for affordable housing for older adults. 

Join the Save HUD 202 Campaign

On May 9, 2017 by Bobbie DuChamp Guidry

LeadingAge has launched a new Save HUD 202 campaign to encourage Congress to fully fund the Section 202 Housing for the Elderly program. 

Increased Funding for Affordable Housing in Federal Omnibus Spending Act

On May 2, 2017 by Jodi Boyne

The Omnibus Spending Act released this week in Congress fully funds renewals of HUD rental assistance, including those within the Section 2020 Housing for the Elderly program.  

Section 202 Contracts at Risk

On March 28, 2017 by Jodi Boyne

The U.S. House and Urban Development Department (HUD) will not renew Section 202 Project Rental Assistance Contracts (PRACs) set for renewal in August or September 2017 if Congress does not provide the $72 million increase necessary for the Section 202 account for fiscal year 2017 (FY17).  

More Funding Possible for Housing, HCBS in 2016

On November 4, 2015 by Jodi Boyne

LeadingAge last week said a bipartisan budget deal reached by the White House and the U.S. congressional leadership could allow for more funding for senior housing than was provided in the 2016 spending bill the House passed earlier this year.

U.S. House THUD Bill Severely Underfunds Affordable Senior Housing

On May 20, 2015 by Mary Youle

The FY16 Transportation, Housing and Urban Development (THUD) bill passed by the U.S. House Appropriations Committee last week severely underfunds affordable senior housing. The bill, which is $6.8 billion less than the President’s request in order to comply with the budget caps set by sequestration, is expected to receive a House floor vote in mid-June.

Section 202 PRAC Providers Should Complete Preservation Needs Survey

On May 13, 2015 by Mary Youle

To gather information on the current and future physical needs of Section 202 PRAC projects, LeadingAge is urging all 202 PRAC providers to respond to its survey by May 31. This survey is designed for 202/PRACs only, meaning properties built after 1990 using HUD Section 202 funds.

THUD Subcommittee Approves FY2016 Spending Bill

On May 6, 2015 by Mary Youle

The U.S. House Appropriations Subcommittee on Transportation, Housing and Urban Development (THUD) approved its FY2016 appropriations bill. The $55.27 billion legislation is a $1.5 billion increase over FY2015 spending levels, but falls short on funding for key HUD programs.

Help Inform 202 PRAC Preservation

On April 22, 2015 by Mary Youle

The LeadingAge Section 202 Project Rental Assistance Contracts (PRAC) Preservation Workgroup has released a survey

HUD Announces 2015 Project Assistance Contract Renewal Instructions

On April 1, 2015 by Mary Youle

The U.S. Department of Housing & Urban Development (HUD) has released instructions and the contract for renewing Project Assistance Contracts for Fiscal Year 2015. The expiring Project Assistance Contracts may be renewed for a period of one year.

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