Emergency Capital Repairs Program
This program provides grant money to eligible multifamily projects, with elderly tenants, that are owned by nonprofit private organizations. So that they can make substantial capital repairs to the property. In the way of rehabilitating and modernizing or retrofitting aging structures in the dwelling units or the common areas. These repairs must relate to a immediate threat to the safety and health and quality of life for the tenants. This program is designed to provide a one time assistance for emergency items that could not be afforded within the operating budget of the facility.
The eligible multifamily properties are for the assisted housing developments that are designated for the occupancy by elderly tenants.