Multi-Family Housing Non-Profit Transfer Technical Assistance Grants
Department Of Agriculture, Rural Housing Service
Provides grants to qualified nonprofits (NP) and public housing authorities (PHA) which will in turn provide technical assistance to RHS MFH borrowers and applicants to facilitate the acquisition of Section 515 properties by NPs and PHAs.
Jargon-free version
Helps non-profits and public housing authorities take over and maintain existing multi-family housing properties. Provides support for the transfer process.
Quick Facts
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What Is This Program?
What Benefits Are Offered?
USDA Rural Development awards grants to eligible nonprofit organizations and public housing authorities (PHAs) to provide technical assistance and other services. This assistance aims to facilitate the preservation of affordable housing through the transfer of Multifamily Housing Direct Loan properties from current owners to other nonprofits or PHAs. Eligible uses include technical assistance, consultation, advisory, and non-construction services, as well as soft costs like financial analysis, transaction structuring, Capital Needs Assessments (CNAs), appraisals, and market surveys.
Who Is Eligible?
Business Size: small, medium
Industries: community development, housing, social services
Region: United States
Demographics: tribal organizations
Other Criteria: eligible nonprofit organizations, public housing authorities (PHAs), tribal housing nonprofits, tribally-designated Housing Entities (TDHEs), organizations capable of providing technical assistance and services to enable affordable housing preservation through property transfers
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FAQFrequently Asked Questions
This program is available to small, medium businesses in community development, housing, social services industries located in United States.
This program offers funding up to $4,900,000 (minimum $3,750,000).
This program accepts applications on a rolling basis.
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