Funds Available for Affordable Housing Development Projects
The North Suburban Consortium (NSC), which includes the communities of Arlington, Chelsea, Everett, Malden, Medford, Melrose, Revere, and Winthrop, has allocated $4,000,000 for the acquisition, construction, and/or rehabilitation of affordable rental housing for HOME-American Rescue Plan (HOME-ARP) Qualifying Populations pursuant to Section 3205 of the American Rescue Plan Act of 2021 and 42 U.S.C. 12701 et seq.
The NSC is seeking proposals from non-profit housing developers, for-profit housing developers, and public housing authorities to develop rental housing under HOME-ARP. Eligible projects for HOME-ARP funding include the acquisition, rehabilitation, or new construction of rental housing.
HOME-ARP funding must follow the requirements set forth on Notice CPD-21-10, https://www.hud.gov/sites/dfiles/OCHCO/documents/2021-10cpdn.pdf and applicants for rental development funding should be familiar with pages 3-9, and 20-37 of the Notice. In addition to the specific new requirements for HOME-ARP set forth in the Notice, many of the operational and administrative requirements are the same as under the HOME program.
The Notice of Funding Availability will be available at