FHA Demonstration Program for Elderly Housing for Intergenerational Families
This funding opportunity is available to private nonprofit owners of Section 202 Supportive Housing for the Elderly properties to provide assistance for intergenerational dwelling units for intergenerational families.
Purpose
This program’s purpose is to expand and increase the supply of intergenerational housing units for low-income grandparents or relatives heads of household of at least 62 years of age who are raising a child.
Eligible Uses
Capital Advance funding is available under this NOFA to cover the cost of expanding the supply of intergenerational housing. In addition, Project Rental Assistance Contract (PRAC) funds are available for Section 202 Capital Advance projects that are financed under this program to cover the difference between the HUD approved operating costs of the project and the tenants' contribution toward rent.
Eligible Applicants
All private nonprofit owners of Section 202 Supportive Housing for the Elderly properties.
