According to the leaked documents, HUD is contemplating asking Congress for a $42 million cut to the Section 202 program, whose renewal funding need in fiscal year 2017 is $412 million. Funding for Service Coordinator renewals and Senior Preservation Rental Assistance Contracts comprise the rest of the $505 million Section 202 account.
Here are the issues on which our congressional advocacy is
The weather was perfect as LeadingAge staff welcomed more than 1,100 to the rally to ask Congress to preserve and expand affordable housing for older adults with very low incomes. The rally brought together affordable housing supporters from the District and neighboring states MD and VA, as well as from PA, NJ, FL, OH, CT, MA and CA. The rally’s co-hosts helped promote the event and were instrumental in its success.
Contact: Lisa Sanders
NOFA: The Section 202 funds now available are the first new construction money for Section 202 housing since 2010, something for which LeadingAge strongly advocated. From the funds made available through this NOFA, HUD expects to make approximately 30 awards. The deadline to apply for the funds under FR-6200-N-52 is August 28, 2019. For the 2020 fiscal year, we are urging Congress to appropriate $600 million for new Section 202 construction, in line with demographic trends and past funding levels.
Contact: Lisa Sanders
On April 4, 2019, HUD released the Notice of Funding Availability for the new Section 202 funds appropriated by Congress in FY17 and a portion of those appropriated in fiscal year 2018. In total, the NOFA announces the competition for $50 million in Section 202 funds for the construction and ongoing rental subsidy of Section 202 homes. From the funds made available through this NOFA, HUD expects to make approximately 30 awards. The deadline to apply for the funds under FR-6200-N-52 is August 28, 2019.
LeadingAge is enthusiastic about the future implementation of RAD for PRAC authority which will allow certain Section 202 PRAC senior housing providers a way to bring private financing to preserve their communities and pursue expansion of enriched affordable living opportunities for seniors by converting their PRAC subsidy to Section 8.