WASHINGTON, D.C. – (RealEstateRama) — DHCD posted a Notice of Funding Availability (NOFA) for the National Housing Trust Fund (HTF). DHCD will make available HTF and MRVP vouchers to help finance rental projects with support services for vulnerable populations.
The HTF is a newly-authorized federal program to support the development of affordable housing for low-income individuals and households. Working with the Community Economic Development Assistance Corporation (CEDAC), DHCD will make HTF and MRVP available to qualified and experienced sponsors whose projects are highly ready to proceed. Support service funds will be attached to the MRVP vouchers. The populations to be targeted for HTF/MRVP assistance include, but are not limited to, homeless families, homeless individuals (including veterans), unaccompanied homeless youth, frail seniors with service needs, and individuals in recovery from substance abuse. Projects intended to serve homeless families will have the highest priority during the January 2017 funding competition.
DHCD will make up to $3.4 million in HTF capital funds available during the January 2017 competition. Approximately 100 MRVPs also will be available, with the potential of $1,500 per unit per year in service funding attached to each MRVP. Sponsors also may seek additional DHCD capital sources – primarily the Housing Innovations Fund (HIF).
Pre-applications are due to DHCD by November 21, 2016. Full applications will then be due by January 13, 2017.
To download a copy the NOFA, click here(link is external).
For more information on DHCD’s Distribution plan for the HTF, click here(link is external).