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Multifamily Housing Non-Profit Transfer Technical Assistance Grants

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The Multifamily Housing Non-Profit Transfer Technical Assistance Grants program, administered directly by the federal government through the Rural Housing Service, provides competitive discretionary funding to eligible public housing authorities and nonprofit organizations. The primary goal of the program is to preserve affordable housing in rural areas and communities by facilitating the transfer of Multifamily Housing Direct Loan properties from their current owners to these eligible nonprofit or public entities. Grant funds are designated for technical assistance and non-construction services essential to the application process. This includes consultation, advisory services, and various soft costs such as market surveys, appraisals, Capital Needs Assessments, financial analysis, and transaction structuring. While the program is currently closed, it is pending its next funding cycle.

General Info

Federal grants for nonprofits to fund technical assistance for rural affordable housing transfers.

Place of Performance

Not specified

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NONE

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Organization & Contact Information

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AgencyRural Housing Service
ContactsNo contacts available
OfficeWY, USA
Organization / AgencyRural Housing Service
Office AddressWY, USA
ContactsNo contact information available

Full Description

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USDA Rural Development awards grants to eligible nonprofit organizations and public housing authorities (PHAs) to provide technical assistance (TA) and other services to enable affordable housing preservation through the transfer of Multifamily Housing Direct Loan properties from current owners to nonprofits or PHAs.
Eligible uses: 1) Technical assistance and other consultation, advisory and non-construction services required as part of the application process, and 2) soft costs including financial analysis and transaction structuring analysis, and completion of other transaction details such as Capital Needs Assessments (CNAs), appraisals, and market surveys.
Program administrator: Direct federal
Program status: Closed: Pending next funding cycle
Financial instrument: Competitive/Discretionary Grant
Topics: Rural Area or Communities
Notice of funding opportunity: https://www.federalregister.gov/documents/2024/09/17/2024-21033/consolidated-multifamily-housing-technical-assistance-grant-program-notice-of-funding-availability
Additional information: https://www.rd.usda.gov/programs-services/multifamily-housing-programs/multifamily-housing-non-profit-transfer-technical-assistance-grants#overview

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