03/28/2024

LeadingAge Hosts Overview of HUD FY23 Section 202 NOFO

LeadingAge hosted an overview of HUD’s current Section 202 Notice of Funding Opportunity (NOFO) on March 25. During the session, experts shared insights on the current (fiscal year 2023) application round for Section 202 funding to create new affordable senior housing units. Applications are due by June 20, 2024.

The call featured discussions on:

• Differences between this year and last year’s Section 202 funding opportunity,
• Best practices for applying,
• How HUD rates and awards the funding, and
• How the housing providers are bringing these projects to completion. 

There was also discussion around advocacy opportunities to revive the program after Congress omitted new Section 202 funding from HUD’s budget for Fiscal Year 2024 and the President’s budget request declined to include new funds for fiscal year 2025.

The call recording and slides are available for members to view.