The Department of Housing and Urban Development's mission is to increase homeownership, support community development and increase access to affordable housing free from discrimination. HUD fulfills this mission through high ethical standards, management and accountability, and by forming partnerships with community organizations.
|Recipient||Amount||Start Date||End Date|
|Accessible Space, Inc.||$ 2,500,000||   ||2021-08-18||2028-09-30|
|Interfaith Residence Inc||$ 1,848,000||   ||2021-08-25||2028-09-30|
|Eah Inc.||$ 2,500,000||   ||2021-08-18||2028-09-30|
|Appalachian Housing And Redevelopment Corporation||$ 923,171||   ||2021-09-14||2027-09-30|
|Hispanic Association Of Contractors And Enterprises||$ 1,305,552||   ||2021-08-27||2027-09-30|
|Way Station, Inc.||$ 416,374||   ||2021-08-27||2027-09-30|
|Mission First Housing Development Corporation||$ 2,308,600||   ||2021-08-27||2027-09-30|
|Allies Inc.||$ 556,000||   ||2021-08-27||2026-09-30|
|Esct Austin Housing Iv, Inc.||$ 1,070,400||   ||2011-09-30||2023-09-30|
|Association's Fourth Property, Inc., The||-$ 3,600||   ||2012-01-25||2018-09-30|
Uses and Use Restrictions
Capital advances may be used to construct, rehabilitate or acquire structures to be used as supportive housing for low-income persons with disabilities.
Project rental assistance is used to cover the difference between the HUD-approved operating costs of the project and the tenants' contributions toward rent (30 percent of adjusted income).
Eligible Sponsors are nonprofit organizations with a Section 501(c)(3) tax exemption from the Internal Revenue Service.
Eligible Owner entities are nonprofit organizations with a 501(c)(3) tax exemption from the Internal Revenue Service and, if the proposed project involves mixed financing, for-profit limited partnerships with a nonprofit entity as the sole general partner.
Beneficiaries of housing developed under this program must be very low-income (equal to or less than 50% AMI) adults (18 or older) with a physical, mental, or emotional impairment that is expected to be of long-continued and indefinite duration, that substantially impedes his or her ability to live independently, and is of a nature that such ability could be improved by more suitable housing conditions.
The nonprofit sponsor and owner must receive certification of eligibility from HUD. The owner must submit financial documents to support its ability to provide a minimum capital investment of 1/2 of 1 percent of the capital advance amount, up to a maximum of $10,000. This program is excluded from coverage under 2 CFR 200, Subpart E - Cost Principles.
Aplication and Award Process
Applicants must forward a copy of their applications to the appropriate state or local agency for a review of the supportive services plan and a completed certification from the agency as to whether the provision of services is well designed to meet the needs of the anticipated occupancy must be included in the applicant's submission of its application to the HUD Field Office.
An environmental assessment is required for applications containing evidence of site control.
An environmental impact assessment is required for this program.
This program is eligible for coverage under E.O.
12372, 'Intergovernmental Review of Federal Programs.' An applicant should consult the office or official designated as the single point of contact in his or her State for more information on the process the State requires to be followed in applying for assistance, if the State has selected the program for review.
This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. A Notice of Funding Availability is published on Grants.gov each fiscal year announcing the availability of funds to specified allocation areas. Applicants must submit a Request for a Fund Reservation, using Form HUD-92016-CA, Section 811 application for capital advance, in response to the Notice of Fund Availability (or a Funding Notification issued by the local HUD Field Office). The application for capital advance is used to determine the eligibility of the applicant and proposed project as well as the acceptability of the site and market, correctness of zoning and the effect on environment. All applications must be submitted via www.grants.gov.
Applications are reviewed and selected for awards within the funding allocation areas. Those selected for funding must meet basic program requirements including, but not limited to: eligibility as a nonprofit entity, eligibility as a for-profit limited partnership with nonprofit entity as the sole general partner for mixed-finance projects, financial commitment and prior experience in housing or related service activities. The request for Capital Advance Financing, using Form HUD-92013 is reviewed to update the determination of acceptability of project site and market, correctness of zoning, and the effect on environment as well as to determine the value of site, total development cost, and financial feasibility.
Contact the headquarters or regional office, as appropriate, for application deadlines.
Cranston-Gonzalez National Affordable Housing Act, Public Law 101-625; Housing and Community Development Act of 1992, Public Law 102-550; the Rescissions Act, Public Law 104-19; American Homeownership and Economic Opportunity Act of 2000, Public Law 106-569; the Revised Continuing Appropriations Resolution, 2007, Public Law 110-5; the Frank Melville Supportive Housing Investment Act of 2010, Public Law 111.374.
Range of Approval/Disapproval Time
At the fund reservation stage, the sponsor usually is advised of the decision within 4 to 5 months from the end of the application period.
From 1 to 15 days. During the period of competition, Sponsors whose applications are rejected by the HUD Field Office due to noncompliance with program requirements, have the right to appeal the rejection within 14 calendar days from the date of HUD's written notice of rejection.
> 180 Days. After the first three years of initial PRAC (for which the owner submits monthly vouchers to HUD for payment of rental assistance) the contract is renewed on a yearly basis based on availability of funds.
Formula and Matching Requirements
This program has no statutory formula. This program has no matching requirements. MOE requirements are not applicable to this program.
Length and Time Phasing of Assistance
The capital advance is not repayable if the project is available for very low-income persons with disabilities for at least 40 years. Projects are expected to start construction within 18 months of the date of the fund reservation, with limited provision for extensions. Funds will be advanced on a monthly basis during construction. See the following for information on how assistance is awarded/released: Based on percentage of construction completion.
Post Assistance Requirements
All owners will be required to submit a Outcome Logic Model Report to HUD.
All owners will be required to submit an annual financial statement.
No progress reports are required.
No expenditure reports are required.
HUD 60002, Section 3 Summary Report, Economic Opportunities for Low- and Very Low-Income Persons (OMB No.
2529-0043) ? For each grant over $200,000 that involves housing rehabilitation, housing construction, or other public construction, the prime recipient must submit Form HUD 60002 (24 CFR sections 135.3(a) and 135.90).
In accordance with the provisions of 2 CFR 200, Subpart F - Audit Requirements, non-Federal entities that expend financial assistance of $750,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Non-Federal entities that expend less than $750,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in 2 CFR 200.503. HUD reserves the right to audit the accounts of the owners in order to determine compliance and conformance with HUD regulations and standards.
Regular financial reports are required. Owners must service and maintain records in accordance with acceptable mortgage practices and HUD regulations. Owners also must supply those records necessary to indicate compliance with the project rental assistance contract.
(Direct Payments for Specified Use) FY 15 $125,000,000; FY 16 est $129,000,000; and FY 17 est $146,000,000
Range and Average of Financial Assistance
$422,600 to $4,092,000 (FY10/11).
Regulations, Guidelines, and Literature
24 CFR part 5, subpart H, and part 891, subparts A, C, and D.; HUD Handbooks 4571.2 and 4571.4; and Notice H 96-102, as extended.
Regional or Local Office
See Regional Agency Offices. Contact the appropriate HUD office listed at http://www.hud.gov/offices/hsg/mfh/mfbroch/hubs_pcs.cfm.
Marvis S. Hayward, 451 7th St SW Room 6142, Washington, District of Columbia 20410 Email: firstname.lastname@example.org Phone: (202) 708-3000.
Criteria for Selecting Proposals
A recruiting trends report by Michigan State University’s (MSU) Collegiate Employment Research Institute discovers that the financial services sector is decreasing the hiring rate for Bachelor’s degrees from “double-digit expansion”.