Notice of Funding Availability: Housing Preservation and Stabilization Trust Fund - December 2, 2013

Notice of Funding Availability

Housing Preservation and Stabilization Trust Fund

On behalf of the Patrick Administration, the Department of Housing and Community Development (DHCD) is making $8 million  in funding available to experienced developers who intend to produce supportive housing units for low-income tenants. DHCD will accept applications for Housing Preservation and Stabilization Trust Fund (HPSTF) resources during  a 15-day period beginning on January 3, 2014 and concluding January 17, 2014. Sponsors will be eligible to apply for these funds only if they previously have developed successful supportive housing units (SH Units) for low-income tenants and are in good standing with the Department and its quasi-public affiliates. Sponsors who are not experienced in supportive housing may not apply during January 2014. DHCD will only accept applications for projects that are highly ready to proceed, as described within this NOFA.  DHCD's intent is to make HPSTF awards to projects that will proceed to construction during 2014. 

To read the full NOFA please click here.