HUD Awards $51.6 Million Through the Section 202 Capital Advance NOFA
On February 7, 2020, HUD’s Office of Multifamily Housing announced $51.6 million in grants have been awarded through the Section 202 Capital Advance NOFA. According to their statement, “under the Section 202 Supportive Housing for the Elderly program, the Office of Multifamily Housing provides upfront capital advances to nonprofit sponsors to finance the development of…