Notice of Funding Availability - Housing Accelerator Fund and HOME- ARP
The Baltimore City Department of Housing and Community Development (DHCD), the Mayor’s Office of Homeless Services (MOHS), and the Mayor’s Office of Recovery Programs (MORP) are announcing a Notice of Funding Availability (NOFA) beginning September 6, 2023. This is an investment of nearly $30 million in American Rescue Plan Act (ARPA) funds - $15.2 million from the City’s American Rescue Plan Act State and Local Recovery funds (SLFRF) and $14.7 million from the Home Investment Partnerships Program American Rescue Plan Act (HOME-ARP) funds for the creation of permanent supportive housing.
The NOFA proposes maximum awards for the construction of affordable housing of up to $250,000 per unit for permanent supportive housing and up to $100,000 per unit for traditional affordable housing. Additionally, projects will be eligible for awards of up to $500,000 for predevelopment costs associated with the funded units.
NOTE: The HOME-ARP funds announced today can be used in conjunction with the State's 9% Low-Income Housing Tax Credit (LIHTC) round this year. Due to limited availability of HOME funds relative to existing commitments, Baltimore City DHCD will not issue a Notice of Funding Availability (NOFA) for subordinat financing through the HOME Investment Partnerhsips Program (HOME Program).