HUD Offers Funds for Emergency Repairs at Senior Properties

HUD issued a Notice of Funding Availability for first-come-first-served grants, up to $500,000, to make emergency capital repairs at multifamily senior properties. Eligible projects must need repairs on “items that present an immediate threat to the health, safety, and quality of life of the tenants”; be owned by a private nonprofit; and serve seniors. Funds will remain available until fully obligated or November 29, 2011, whichever occurs first. Click here for further information.

— Posted on 12/03/2010