Category Archives: Multifamily

Supportive Housing for the Elderly 202

Supportive Housing for the Elderly 202 This program provides assistance in expanding the supply of housing with supportive services for the elderly. The program is designed to give capital advances to eligible private, nonprofit sponsors to finance the development of rental housing that has supportive services for the elderly. The capital advance is interest free […]

Assisted Living Conversion Program

Assisted Living Conversion Program; (ALCP) This program gives grants to the owners of private nonprofit eligible developments; so that they can convert some of or all of their dwelling units into a assisted living facility for the elderly needing assistance. The program is designed to fund the costs of converting some or all of units […]

Emergency Capital Repairs Program

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 […]

Manufactured Home Parks

Manufactured Home Parks (207) This is a program that helps provide federal mortgage insurance to finance the construction or rehabilitation of manufactured home parks. HUD will insure mortgages that are made by private lenders to help finance the construction or rehabilitation of manufactured home parks, that consist of 5 or more spaces. HUD must approve […]

Urban Renewal Areas

Mortgage & Major Home Improvement Loan Insurance for Urban Renewal Areas (220) This program is for Investors, developers, builders, individual homeowners, and apartment owners. This program offers federally insured mortgages for housing in urban renewal areas, were revitalization activities have been in process by local government. HUD will insure loans to finance the improvements that […]

Existing Multifamily Rental Housing

Existing Multifamily Rental Housing; (207/223f) This program is designed for investors, developers, builders, and others that meet HUD requirements. Under the National Housing Act section 207/223f was developed for the purchase or refinancing of a existing apartment, or cooperative housing project and or for the purchasing and conversion of a existing rental project to cooperative […]

Revitalization of Severely Distressed Public Housing

Revitalization of Severely Distressed Public Housing; HOPE VI The purpose of this program is the eradication of severely distressed public housing. This program was developed in 1993, its purpose has been to transform public housing; by encouraging the PHA to seek partnerships with private enterprises to create mixed finance and mixed income affordable housing. The […]

Family Self-Sufficiency Program

Family Self-Sufficiency Program This program is designed to help enable participating families to gain economic independence. This would be open to participants of the Housing Choice Voucher Programs, and public housing tenants. But using public and private resources. The Family Self-Sufficiency Program (FSS) is administered by Public Housing Agency (PHA’s) with the help of Program […]

Rural Housing Development

Rural Housing and Economic Development Program These are grants for and to meet the rural communities housing and economic development needs. This program is used to encourage new and innovative approaches to serving the housing and economic development needs of our nations rural communities. The eligibility for this program are for local rural nonprofit organizations, […]