WASHINGTON – The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced today it has awarded $97 million in grants to non-profit organizations to support new development or rehabilitation of affordable multifamily homes and rental assistance for seniors. In addition, HUD has awarded $40 million in grants to increase the availability of service coordinators who connect seniors and disabled persons with critical resources.
“The Biden-Harris Administration is committed to ensuring that our seniors have access to homes they can afford,” said HUD Agency Head Adrianne Todman. “Too many seniors are facing housing instability and homelessness. As a country, we must do more to ensure that we are caring for those who came before us. It is the right thing to do.”
Offered under HUD’s Section 202 Supportive Housing for the Elderly program, nearly $97 million in funds will help facilitate 732 Project Rental Assistance Contracts (PRAC) to support the construction and operation for 818 new rent-assisted homes for low- and very low-income seniors aged 62 years or older. A portion of these funds will also be designated for the creation of 109 intergenerational homes to meet the unique housing needs of seniors raising children. The awards also provide seniors with supportive services for their nutritional, transportation, educational, and health-related needs.
“As rents continue to climb and as the number of unhoused older Americans grows, providing affordable and supportive housing for our nation’s seniors is more important than ever,” said Assistant Secretary for Housing and Federal Housing Commissioner Julia Gordon. “The Section 202 program is a cornerstone of our efforts to address this critical need.”
Funds from the Fiscal Years 2022 and 2023 awards helped non-profits develop 1,887 total units nationwide, building communities that empower and uplift seniors and the children in their care.