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HUD Funds Low-Income Assisted Living Conversions

Thu, 04/26/2001 - 12:00am — Karen Stevenson
Description: 

The U.S. Department of Housing and Urban Development has posted an application online for their Section 202 Assisted Living Conversion Program. The application is due June 21, 2001. If approved, the program would provide funds to nonprofit project owners of HUD 202, 236, and Section 8 low-income housing who want to convert the housing to assisted living units for low-income frail elderly. The program is intended to provide housing for people age 62 or older who are unable to perform 3 or more activities of daily living. This program was just started last year, when $50 million was appropriated and $19 million was awarded to 13 projects providing 508 units. For 2001, $75 million is available. The applications will be ranked based on criteria like the need for low income assisted living in the geographic area and the lack of financial resources available to the project owner to pay for the conversion without assistance.

HUD has posted a WebCast online which discusses the application process and the characteristics of projects which received funding last year, and the application and other program information is also available online.

The U.S. Department of Housing and Urban Development has posted an application online for their Section 202 Assisted Living Conversion Program. The application is due June 21, 2001. If approved, the program would provide funds to nonprofit project owners of HUD 202, 236, and Section 8 low-income housing who want to convert the housing to assisted living units for low-income frail elderly. The program is intended to provide housing for people age 62 or older who are unable to perform 3 or more activities of daily living. This program was just started last year, when $50 million was appropriated and $19 million was awarded to 13 projects providing 508 units. For 2001, $75 million is available. The applications will be ranked based on criteria like the need for low income assisted living in the geographic area and the lack of financial resources available to the project owner to pay for the conversion without assistance.

HUD has posted a WebCast online which discusses the application process and the characteristics of projects which received funding last year, and the application and other program information is also available online.