Portfolio Reinvestment Program (PRP) Notice of Funding Availability
Department of Housing and Community Development
About this archived opportunity
The PRP NOFA is restricted to HCD-funded multifamily rental housing projects whose regulatory agreement(s) expire no later than 12/31/26. There is a $50 million small project set aside (for projects of no more than 20 units) and a $100 million setaside for residential hotels. All eligible multifamily rental housing projects must have at least five units. The NOFA provides funds for rehabilitation as well as to capitalize short-term operating subsidies. Projects that receive loans will enter into a new long-term Regulatory Agreement, thereby preserving the project for at least another 30 years.
Historical details
- Status
- Closed
- Deadline
- July 18, 2022
- First captured
- November 24, 2025
- Award
- $285,000,000
- Publisher reference
- 9842
Eligibility: Eligible applicants must be owners of eligible HCD-funded projects or must have been approved by HCD to acquire an eligible project and must meet all requirements for being a Sponsor and having site control.
This opportunity has closed
Portfolio Reinvestment Program (PRP) Notice of Funding Availability
by Department of Housing and Community Development
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