FY 2018 Section 202 Supportive Housing for the Elderly Program

HUD is providing Capital Advance funding and project rental subsidies for the development and ongoing operation of supportive rental housing for very low-income persons, aged 62 years or older. This funding, leveraged with other financing sources, will expand affordable housing opportunities that are physically designed and that have a robust set of services that will allow seniors to live independently and age in community.

Private non-profit organizations that have tax-exempt status under Section 501(c)(3) or Section 501(c)(4) of the Internal Revenue Code of 1986, and non-profit consumer cooperatives are the only eligible applicants under this Section 202 program. Neither a public body or tribe nor an instrumentality or agency of a public body or tribe is eligible to participate in the program. Non-profit entities associated with public bodies or tribes must establish their eligibility by providing an attorney's opinion stating that under state or tribal law the associated entity is not an instrumentality or agency of the public body confirming that such entity 1) meets the definition of "private non-profit organization" under 24 CFR part 891; 2) has Articles of Incorporation which provide no more than minority control by the public body or tribe; and 3) is not receiving a majority of its operational funding from the public body or tribe. The Owner corporation, when later formed by the Sponsor, must be (1) a single-purpose and single-asset private non-profit organization that has tax-exempt status under Section 501(c)(3) or Section 501(c)(4) of the Internal Revenue Code of 1986, (2) non-profit consumer cooperative, or (3) 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, as amended, a for-profit limited partnership of which one or more private non-profit organizations hold all general partner interests, a corporation wholly owned and controlled by one or more private non-profit organization(s) as the sole general partner, or a limited liability company wholly owned and controlled by one or more private non-profit organizations. Individuals, foreign entities, and sole proprietorship organizations are not eligible to compete for, or receive, awards made under this announcement.

202CapitalAdvanceNOFA@hud.gov