The synopsis for this grant opportunity is detailed below, following
this paragraph. This synopsis contains all of the updates to this
document that have been posted as of
05/04/2008
. If
updates have been made to the opportunity synopsis, update information
is provided below the synopsis.
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Description of Modification
THIS SYNOPSIS (FR-5200-N-25) WAS POSTED IN ERROR. THE CORRECTION POSTING FOR FISCAL YEAR 2009 (FR-5300-N-19) CAN BE FOUND ON GRANTS.GOV UNDER FIND GRANT OPPORTUNITIES LINK OR CLICKING ON APPLY FOR GRANTS LINK, ON THE APPLY SITE INPUT THE CFDA NUMBER 14.181. THE FISCAL YEAR 2009 IS 5300 NOT 5200. IF YOU HAVE ANY QUESTION ABOUT THE POSTING YOU MAY CONTACT DORTHERA YORKSHIRE AT 202.402.4336. I APOLOGIZE FOR THE INCONVIENCE.
Document Type:
Modification to Previous
Grants Notice
Funding Opportunity Number:
FR-5200-N-25
Opportunity Category:
Discretionary
Posted Date:
May 04, 2008
Creation Date:
Sep 02, 2009
Original Closing Date for Applications:
Jul 16, 2008
Current Closing Date for Applications:
Jul 16, 2008
Archive Date:
Jul 17, 2008
Funding Instrument Type:
Grant
Category of Funding Activity:
Housing
Category Explanation:
Expected Number of Awards:
Estimated Total Program Funding:
Award Ceiling:
$99,345,000
Award Floor:
CFDA Number(s):
14.191
--
Multifamily Housing Service Coordinators
Cost Sharing or Matching Requirement:
No
Eligible Applicants
Others (see text field entitled "Additional Information on Eligibility" for clarification)
Additional Information on Eligibility:
Nonprofit organizations with a section 501(c)(3) tax exemption from the Internal Revenue Service and who meet the threshold requirements contained in the General Section NOFA and Section III.C.2 below are the only eligible applicants for this program.
Applicant eligibility for purposes of applying for a Section 811 fund reservation under this NOFA has not changed; i.e., all Section 811 Sponsors and Co-Sponsors must be nonprofit organizations. However, the Owner corporation, when later formed by the Sponsor, may be (1) a single-purpose nonprofit organization that has tax-exempt status under Section 501(c)(3) of the Internal Revenue Code (IRS) of 1986, OR (2) for purposes of developing a mixed-finance project pursuant to the statutory provision under Title VIII of the American Homeownership and Economic Opportunity Act of 2000, a for-profit limited partnership with a nonprofit organization that has tax exempt status under Section 501(c)(3) of the IRS code as the sole general partner.
Agency Name
Department of Housing and Urban Development
Description
HUD provides capital advances and contracts for project rental assistance in accordance with 24 CFR part 891. Capital advances may be used for the construction or rehabilitation of a structure or acquisition of a structure with or without rehabilitation, to be developed into a variety of housing options described in Section III.C. Capital advance funds bear no interest and are based on development cost limits in Section IV.E.3. Repayment of the capital advance is not required as long as the housing remains available for occupancy by very low-income persons with disabilities for at least 40 years. PRAC funds are used to cover the difference between the tenants' contributions toward rent (30 percent of adjusted income) and the HUD-approved cost to operate the project. B. Authority. 42 U.S.C. 8013 (Section 811 of the Cranston-Gonzalez National Affordable Housing Act (Pub.L. 101-625, approved November 28, 1990)(NAHA), as amended by the Housing and Community Development Act of 1992) (Pub.L. 102-550, approved October 28, 1992)(HCD Act of 1992); the Rescissions Act (Pub.L. 104-19, approved July 27, 1995); the American Homeownership and Economic Opportunity Act of 2000 (Pub. L. 106-569, approved December 27, 2000) and authorized a new supportive housing program for persons with disabilities, and replaced assistance for persons with disabilities previously covered by section 202 of the Housing Act of 1959 (section 202 continues, as amended by section 801 of the NAHA, and the HCD Act of 1992, to authorize supportive housing for the elderly).
The following files represent the modifications to this synopsis
with the changes noted within the documents. The list of files is
arranged from newest to oldest with the newest file representing the
current synopsis. Changed sections from the previous document are shown
in a light grey background.
