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Title:
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REPORT - 2019-2020 HOUSING AUTHORITY LOAN AND PROJECT BASED VOUCHER NOTICE OF FUNDING AVAILABILITY ADDITIONAL RECOMMENDATIONS - LINDA TUNIS SENIOR APARTMENTS, 600 ACACIA LANE
BACKGROUND: The Housing Authority issued the 2019-2020 Notice of Funding Availability (“NOFA”) announcing the availability of $2,479,000 of local and federal funds and 75 Section 8 Project Based Vouchers (“PBVs”) for affordable housing. In response to the NOFA, issued August 6, 2019, the Housing Authority received 11 project applications and one application from a Community Housing Development Organization (“CHDO”) for operational funds. The requests total $13,077,050, more than five times the available funding. In addition, there are requests for 128 PBVs, 53 more than available.
On December 16, 2019, the Housing Authority committed funding to three applications. Five projects were set aside for further review and consideration at the Housing Authority’s January 2020 meeting and four projects were dismiss...
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