HUD Updates Sec. 202 NOFA FAQs

Regulation | April 16, 2021 | by Linda Couch

HUD has updated the Frequently Asked Questions associated with the Section 202 Notice of Funds Availability (NOFA), applications for which are due May 26.

On April 15, HUD updated the Frequently Asked Questions associated with the Section 202 Notice of Funds Availability (NOFA), applications for which are due May 26.

Based on questions submitted, HUD has updated the FAQs. The new update includes questions on Opportunity Zones, the use of FHA-insured financing in the development of projects, Environmental Review contacts, Appraisals, Physical Design, and Income Restrictions. The new questions are numbered 4, 16, 17, 30, 31, 32, 33, and 61 in this updated FAQ on the 202 NOFA website.

In addition to the NOFA and the FAQ, the 202 NOFA website also includes these tools:

LeadingAge also held an informational session with HUD staff on February 2 about the new Section 202 NOFA, a summary of which can be found here.