Section 202 Supportive Housing for the Elderly
Two months: Jun 1, 2011
This program provides non-profits with capital advances and contracts for project rental assistance.
This program is not available to local governments, but if your area has a lack of elderly housing, this would be good to refer to local non-profits. Capital advances through this program must be used for the construction, rehabilitation, or acquisition of a structure. 85 percent of the total capital advance amount is allocated to metropolitan areas and 15 percent to nonmetropolitan areas. §
Number of Awards
Dept. of Housing & Urban Development
More information is available at http://goo.gl/qLz6E
Large: $700,000,000 Number of Awards
Department of Agriculture
CFDA # 10.886
Rural Broadband Access Loans and Loan Guarantees Program The Basics: This program makes loans and guarantees to finance the construction, leasing, improvement, acquisition, refinance loans on rural broadband infrastructure.
As the two examples of successful projects in Alabama and Michigan illustrate, by providing access to 6,000 and 5,000 residents over areas of 3,500 square miles, this program is intended for rural applicants only. Loans can be one of three types: at the cost of interest that borrowing from the department of Treasury is, at a flat 4 percent cost of interest, or a private
loan which the Rural Utilities Service will guarantee 80 percent of. §
More information is available at http://goo.gl/c2Ff9
Program staff say that local governments have applied to and been successful with this loan program before. Staff specifically advise local government applicants to know the requirements for this kind of business and have experienced staff on hand to implement the operation.
May 2011 | The Fundbook ~ p.43
The FundBook midmonth update