CARH’S BROADCAST E-MAIL – Regulatory Alert
September 27, 2024
In today’s Federal Register, USDA’s Rural Housing Service (RHS) published a Notice entitled, Notice of Funds Availability (NOFA) for the Multifamily Housing Preservation and Revitalization Demonstration Program (MPR) and for Section 515 Subsequent Loans for Preservation Activities for the Fiscal Year (FY) 2024. RHS will make available the following funds in this NOFA: MPR: $80,491,882 and Section 515: $27,000,000
In this NOFA, RHS is inviting applications for the MPR and Section 515 Loan Program. These loan and grant funds will be made available to qualified applicants which may be used to preserve and improve existing Rural Rental Housing and Off-Farm Labor Housing properties to extend their affordable use.
Electronic submissions must be received no later than December 26, 2024, 11:59 p.m. Eastern, to be eligible for funding under this Notice. Importantly, applicants must send an email of interest message by 12:00 p.m. Eastern on December 16, 2024, to the RHS Production and Preservation Division at RD.MPR@ usda.gov. This email, that should be drafted using specific language that is provided in the “ADDRESSES” portion of the Notice, will be considered a request that RHS send application submission instructions. RHS will respond via email to all interested respondents supplying valid email addresses within two business days from the date of the email of interest.
The Stakeholder Announcement provides further information. Potential applicants are encouraged to attend a virtual workshop on Thursday, Oct.17, 2024, at 1:00 p.m. Eastern, to learn more about these funding opportunities. To register, visit Webinar Registration – Zoom (zoomgov.com).
Please contact the CARH national office at carh@carh.org or 703-837-9001 should you have questions or concerns. For other news and information affecting the affordable rural housing industry, please visit the Newsroom on CARH’s website, www.carh.org.