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.
We hope you can join us for the May 8 Senior Housing NOW rally in Washington, DC. The Senior Housing NOW rally webpage has all the information you need to RSVP and have a great day at the rally.
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.
President Trump's request, which Congress will consider as it sees fit, asks for a $9.6 billion, or 16.4%, cut to HUD compared to the FY19 HUD funding.
The request would cut funding for the Section 202 account by $34 million, or 5%, from the FY19-enacted level of $678 million.
What the Administration released on March 11were its “top line” requests. The Administration will release the full details of its FY20 request during the week of March 18. In these forthcoming details, we will learn much more about the request and how it would impact older adult households.
This DRAFT solely addresses the proposed implementation of the new Rental Assistance Demonstration (RAD) provisions for PRAC conversion and HUD is seeking feedback within 10 days, in order to make final adjustments if necessary prior to formal release. So the turnaround time is tight.
The White House is expected to provide Congress with a “top line” of its FY20 budget requests the week of March 11. Here, the President’s general budget message, his top priorities, and summary tables will be released.
In February, HUD issued a RADBlast quoting Tom Davis, Director of the Office of Recapitalization in the Office of Multifamily Housing Programs, stating, “This is the first legacy HUD assisted housing program we have fully wound down through RAD, converting a decades old program to the modern and cost-efficient Section 8 platform while still preserving assistance for low-income families.
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