Housing

Multifamily Assisted Housing Reform and Affordability Act

Office of Housing-Federal Housing Commissioner, HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF

Opportunity #: 14.197

Award Ceiling

N/A

Award Floor

N/A

Close Date

N/A

Total Funding

N/A

Cost Sharing Required

Grants.gov ID

usa-14.197

Description

To retain critical affordable housing resources represented by the supply of FHA-insured Section 8 assisted housing and maintain it in good physical and financial condition while, at the same time, reducing the cost of the ongoing Federal subsidy. In carrying out the Program, HUD works with willing participating administrative entities (PAEs), owners and lenders to reduce Section 8 rents and operating expenses to true market levels and also provide for the project's capital improvement needs.

Types of Assistance: DIRECT PAYMENTS FOR SPECIFIED USE

Eligible Applicants

The project must be subject to a FHA- insured mortgage and supported by project-based Section 8 HAP contracts with rent levels which, in the aggregate, exceed Comparable Market Rents.

Apply on Grants.gov

Always verify details and apply through the official Grants.gov portal. Information here may not reflect the latest changes.

View on Grants.gov

Disclaimer: This information is sourced from Grants.gov and may not reflect the most current details. Always verify eligibility requirements, deadlines, and application procedures on the official program website before applying.