Notice of Funding Availability (NOFA) Issued To Support Production of Affordable Rental Housing
Wednesday Jun 10th, 2020
Baltimore, MD – The Baltimore City Department of Housing & Community Development (DHCD) is making up to $2 million available from the Affordable Housing Trust Fund (AHTF) to support new construction of affordable rental housing and/or rehabilitation of existing rental projects for affordable housing.
“Promoting the production of quality affordable housing is essential to the vitality of Baltimore City and a key reason I fought tirelessly for the creation of the Affordable Housing Trust Fund,” stated Mayor Bernard C. “Jack” Young. “I’m pleased that these funds are starting to flow into the marketplace and with the specific purpose of providing affordable housing for the residents of our city.”
The Affordable Housing Trust Fund was established to support the housing needs of the City’s low and very-low income households. “This is the first of several NOFAs intended to support the production of affordable housing as a component of a larger equitable community development strategy,” stated Housing Commissioner Michael Braverman. “We are grateful for the work of the Trust Fund Commissioners and for the efforts of everyone that contributed to the creation of this critical resource.”
Eligible applicants for this NOFA can request a maximum of $750,000 per project. Trust funds can be used to fund up to 33 percent of a project’s total development costs.
DHCD will host a virtual pre-proposal conference on Monday, June 22, from 1-3 p.m. Visit dhcd.baltimorecity.gov, and go to the “Events” section for the log-on information.
Applications are due by 4 p.m., EST, on Wednesday, July 31. Learn more.