On October 23, 2024, RD sent out the following Stakeholder Announcement:
Washington DC, October 23, 2024 – On September 27, 2024, Rural Development’s Rural Housing Service (RHS or Agency), published a notice of funds availability (NOFA) in the Federal Register, Federal Register Notice MPR NOSA and Preservation Activities 2024. The NOFA announced that the Agency is inviting applications for the Multifamily Housing Preservation and Revitalization Demonstration Program (MPR) and Section 515 Loan Program. The published NOFA contains erroneous information about applicable dates.
The Agency published a Correction Notice on October 23, 2024, correcting the erroneous dates in the eligibility and scoring criteria sections of the previously published NOFA. The document corrects the mortgage maturity date and the existing MPR Debt deferral expiration date from January 1, 2027, to January 1, 2028.
The Agency strongly recommends interested and affected parties to file the September 27, 2024, and the October 23, 2024, notices together to ensure the information in both notices are easily accessible. Each notice can be found at Multifamily Preservation and Revitalization (MPR) | Rural Development.
You may submit questions and/or concerns to the Production and Preservation Division’s Processing and Report Review Branch MFHprocessing1@usda.gov.