Available funding includes $75 million in capital to produce new housing
WASHINGTON – (RealEstateRama) – The U.S. Department of Housing and Urban Development (HUD) announced today that there is a combined $112 million available to expand the supply of permanent affordable housing for very low-income persons with disabilities. Funding is available for the two components of the Section 811 Program – traditional Section 811 Supportive Housing for Persons with Disabilities and Section 811 Project Rental Assistance. The available funding includes $75 million in capital advances for the development of new supportive housing for this vulnerable population. This is the first time HUD is offering funding for both programs in nine years.
“Very simply, we need more permanent supportive housing to assist persons living with disabilities,” said HUD Secretary Ben Carson. “The funding we offer today will support existing developments and, for the first time in nearly a decade, help to produce new affordable housing at a time we need it the most.”
Brian Montgomery, Federal Housing Commissioner, added, “We’re seeking to fund innovative and efficient housing models that combine form and function-a pleasant and safe place to live, with the appropriate supportive services. Our goal is to support affordable housing developments that allow persons with disabilities to live as independently as possible in their own communities.”
Section 811 Capital Advances
HUD is offering up to $75 million in capital advance funding to eligible nonprofit organizations to fund innovative permanent supportive housing models that will be at the forefront of design, service delivery, and efficient use of federal resources. Applicants are encouraged to establish formal partnerships with health and human service agencies or other organizations with a demonstrated capacity to coordinate voluntary services and supports for persons with disabilities to enable them to live independently in the community.
To encourage development within Opportunity Zones, HUD will award two preference points to applicants seeking to construct or rehabilitate developments in qualified Opportunity Zone census tracts. Read HUD’s Section 811 Capital Advance funding notice for more information.
Section 811 Project Rental Assistance
HUD is making up to $37 million in rental assistance available to eligible housing agencies working closely with State Health and Human Service/Medicaid Agencies. Eligible applicants include any housing agency currently allocating Low-Income Housing Tax Credits (LIHTC); participating jurisdictions administering affordable housing programs assisted through HUD’s HOME Investment Partnerships (HOME) Program; and/or housing agencies operating similar federal or state affordable housing programs. Eligible applicants are encouraged to align their Project Rental Assistance Programs with state or local initiatives that will directly increase development of permanent supportive housing for extremely low-income persons with disabilities. Read HUD’s Section 811 Project Rental Assistance funding notice for more information.
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