Money to Fix Up Apartment Buildings

Called The Multifamily Assisted Housing Reform and Affordability Act and referred to as Program #14.197 in the Catalog of Federal Domestic Assistance, it provides grants to retain critical affordable housing resources represented by the supply of FHA-insured Section 8 assisted housing and maintain it in good physical and financial condition while, at the same time, reducing the cost of the ongoing Federal subsidy. In carrying out the Program, HUD works with willing participating administrative entities (PAEs), owners and lenders to reduce Section 8 rents and operating expenses to true market levels and also provide for the project’s capital improvement needs. Contact your local office of the U.S. Department of Housing and Urban Development

Visit: www5.hud.gov:63001/po/i/netlocator/

Tagged Administrative Entities, Affordability Act, Affordable Housing, Apartment Buildings, Assisted Housing, Capital Improvement, catalog of federal domestic assistance, Department Of Housing, Department Of Housing And Urban Development, Federal Domestic Assistance, Federal Subsidy, Fha, Housing And Urban Development, Housing Resources, Local Office, Operating Expenses, Rents, Section 8, True Market, U S Department