PUBLIC NOTICE
NEVADA HOUSING DIVISION
HOME INVESTMENT PARTNERSHIPS PROGRAM (HOME),
NATIONAL HOUSING TRUST FUNDS (NHTF) &
ACCOUNT FOR AFFORDABLE HOUSING TRUST FUNDS
(AAHTF) FY 2022-2023
HOME/NHTF/AAHTF Developer Application will be available beginning
May 20th, 2022, with a close date of June 24th, 2022.
The HOME, NHTF, and AAHTF funds administered by NHD may be
used by qualified organizations for multi-family acquisition, new construction,
and rehabilitation of affordable housing projects that serve
low-income residents statewide.
The HOME Program is sponsored by the U.S. Department of Housing
and Urban Development. The intent of the HOME program is to provide
decent affordable housing to lower-income households, expand
the capacity of nonprofit housing providers, leverage private-sector
participation, and strengthen the ability of state and local governments
to provide housing. Develop and support affordable rental housing
through the acquisition, new construction, reconstruction, or moderate
or substantial rehabilitation of non-luxury housing with suitable amenities,
including real property acquisition, site improvement, conversion,
demolition and other expenses, including financing costs.
The National Housing Trust Fund (NHTF) sponsored by the U.S.
Department of Housing and Urban Development (HUD). The NHTF
primary purpose is to increase and preserve the supply of affordable
rental housing for extremely low income (ELI) households, defined as
those earning less than thirty (30%) percent of area median income
(AMI), including homeless families.
The Account for Affordable Housing Trust Fund (AAHTF) may be
used to provide incentives to develop and support affordable rental
housing and homeownership affordability through the acquisition, new
construction, reconstruction, or moderate or substantial rehabilitation
of non-luxury housing with suitable amenities, including real property
acquisition, site improvement, conversion, demolition, and other expenses,
including financing costs.
ELIGIBLE APPLICANTS INCLUDE: LOCAL GOVERNMENTS AND
501(C)(3) OR (4) NONPROFIT ORGANIZATIONS, CITIES, HOUSING
AUTHORITIES, NONPROFIT COMMUNITY-BASED ORGANIZATIONS
SUCH AS Community Housing Development Organizations
(CHDO), COMMUNITY DEVELOPMENT CORPORATIONS (CDCS),
COMMUNITY ACTION PROGRAMS (CAPS), AND FOR-PROFIT
FIRMS. funding priority shall be given to PROJECTS that have
received a LIHTC allocation or plan to apply.
THE NEVADA HOUSING DIVISION ESTIMATED HOME ALLOCATION
IS $3,000,039. Funds are TO BE ALLOCATED BETWEEN
awarded APPLICANTS and NHD for the Administration of the
funds. OF THAT AMOUNT, $1,784,911.90 IS ALLOCATED TO
ENTITLEMENT ENTITIES AND ADMINSITRATION OF THE GRANT,
AND $1,215,127.10 IS AVAILABLE FOR COMPETITIVE APPLICATION.
FUNDING WILL BE CONTINGENT UPON THE FINAL AWARD
FROM HUD.
The estimated nhtf allocation is $7,462,633. Funds are TO BE
ALLOCATED BETWEEN awarded APPLICANTS and NHD for the
Administration of the funds. FUNDING WILL BE CONTINGENT
UPON THE FINAL AWARD FROM HUD.
the estimated aahtf allocation is $6,956,514.52 to be allocated between
all AWARDED applicants. OF THAT AMOUNT, $6,179,323.00
IS ALLOCATED TO ENTITLEMENT ENTITIES, AND $777,189.52 IS
AVAILABLE FOR COMPETITIVE APPLICATION.
To be eligible, the project must be planning on applying for LIHTC or
must already have secured LIHTC AND are DIRECTLY developing
affordable housing through acquisition, new construction and/or rehabilitation.
A proposal for a project that is not sought through a local participating
jurisdiction must: Be sponsored by the local government within whose
jurisdiction the project will be located, as demonstrated by a letter of
support or resolution or such other evidence acceptable to the Division;
If it is a proposal for construction or rehabilitation of a multi-unit
residential project, demonstrate the project’s ability to provide housing
at a low cost to eligible families for not less than 30 years; and where
applicable, meet the Division’s standards for fiscal underwriting.
ENTITIES WHO INTEND TO SUBGRANT FUNDING FOR THIS PURPOSE
SHOULD USE THE SERVICE PROVIDER/ LOCAL GOVERNMENT
APPLICATION PORTAL.
NHD is accepting applications for HOME, NHTF, and AAHTF funding
through the electronic submission in the ZoomGrants system. Please
contact NHD by email at nhdgrants@housing.nv.gov for the link for
portal access if you have not received one directly.
For more information regarding applications for the HOME/AHTF/
NHTF application, please email nhdgrants@housing.nv.gov.
Pub Date: May 28, 2022 Ad # 24648