DCA Budget Projects $36M
HMFA Releases PowerPoint on CDBG-DR Programs
According to the Department of Community Affairs FY14 budget presentation identified $36 million being available to the creation of approximately 500 beds for persons with special needs in 2013/2014.
Page 21 of the DCA budget document states:
The Agency (HMFA) has approximately $11 million remaining in the Special Needs Housing Trust Fund and is scheduled to receive $25 million in CDBG-DR for the “Sandy Special Needs Fund”. Loan funding from the Special Needs Housing Trust Fund and the Sandy Special Needs Fund will be dedicated to the creation of approximately 500 beds for persons with special needs in 2013/2014.
In addition, HMFA has released the PowerPoint presentations from the recent training session on tax credits and supportive housing. This information and links are from the HMFA site.
CDBG Sandy Disaster Recovery Program
The proposed Community Development Block Grant Disaster Recovery (CDBG-DR) Action Plan includes the creation of two funds that will be administered by the Agency.
- The Fund for Restoration of Multifamily Housing (FRM) will provide over $104 million in CDBG-DR funding to replenish the stock of quality affordable rental housing units lost as a result of Superstorm Sandy.
- The Sandy Special Needs Housing Fund (SSNHF) will provide $25 Million for the creation of quality, permanent supportive housing which will expand housing options for the special needs populations severely impacted by Superstorm Sandy.
CDBG Program Training Materials
PowerPoint Presentations from HMFA’s April 2013 Overview Sessions
- CDBG Tax Credit and Multifamily (FRM) Overview Session – April 3 and April 9, 2013