Provides grants for substantial capital repairs to eligible multifamily projects that are owned by private nonprofit entities.
Nature of Program: This program provides grants for substantial capital repairs to eligible multifamily projects with elderly tenants that are needed to rehabilitate, modernize, or retrofit aging structures, common areas, or individual dwelling units. The capital repair needs must relate to items that present an immediate threat to the health, safety, and quality of life of the tenants. The intent of these grants is to provide one-time assistance for emergency items that could not be absorbed within the project's operating budget, and where the tenants' continued occupancy in the immediate future would be called into question by a delay in initiating the proposed cure.
Applicant Eligibility: Private nonprofit owners of eligible multifamily assisted housing developments designated for occupancy by elderly tenants.
Legal Authority: Section 202b of the Housing Act of 1959 (12 U.S.C. 1701q-2) and the Department of Housing and Urban Development Appropriations Act, 2006 (Public Law 109-115).
Administering Office: Assistant Secretary for Housing-Federal Housing Commissioner,
U.S. Department of Housing and Urban Development, Washington, DC 20410-8000.
Information Sources: Administering office and HUD field offices.
Current Status: Active.