CDBG-CV NOFA - Non-profit Agencies to Assist Low-Income Households During the COVID-19 Crisis NOFA- Notice to Low Income Housing Tax Credit (LIHTC) Developers
The announcements below represent various funding opportunities available with City of Raleigh Housing and Neighborhoods Department. All RFQs, RFPs and NOFAs are sent out via email notice as well. If you would like to receive these notifications, visit the MyRaleigh Subscriptions page to sign up to receive notifications from Community Development News.
CDBG-CV NOFA - Non-profit Agencies to Assist Low-Income Households During the COVID-19 Crisis
The City of Raleigh desires to engage with non-profit agencies to respond to the COVID-19 pandemic. The City has received a special allocation of Community Development Block Grant (CDBG-CV) funds to assist low-income households during the pandemic. This allocation was authorized by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which was officially created on March 27, 2020, to respond to the growing effects of this historic public health crisis.
Up to $2.6 million in CDBG-CV funds are available for programs that prevent, prepare for, and respond to the coronavirus by providing a public service or access to a public facility/improvement for low-income households in Raleigh. A competitive Notice of Funding Availability (NOFA) is being issued to solicit proposals from interested non-profit agencies.
Proposed projects must be located within the city limits of Raleigh and serve households that live in Raleigh. Households served by proposed projects must have earnings at or below 80% of Area Median Income (AMI) as defined by the U.S. Department of Housing and Urban Development (HUD). Proposed projects must prevent, prepare for, and respond to the coronavirus.
Proposals will be due on September 10, 2021. Proposal guidelines and instructions are set forth within the NOFA link below.
More information is available on our website. Questions or comments regarding this notice should be directed to Nicholas Dula at 919-996-6935.
NOFA- Notice to Low Income Housing Tax Credit (LIHTC) Developers
The City of Raleigh is seeking to increase the supply of affordable rental housing for its low-to moderate-income residents. To help achieve that objective, funds are available on a competitive basis in the form of gap financing for both 9% tax credit and 4% tax credit projects. Proposed projects must comply with the City’s Affordable Housing Location Policy. It is now also required that 10% of units in 4% bond deals requesting City funding target 30% of Area Median Income and 25% of units in 9% tax credit developments target 30% Area Median Income.
In some instances, assistance may be available from the City to write down site acquisition costs in priority locations. Given funding limitations, prospective developers are encouraged to consult with City staff prior to application submittal.
Applications requesting assistance from the City for 9% and first round of 4% bond deal projects will be due by Feb. 12, 2021. Applications for other 4% tax-exempt bond deal projects will be accepted anytime before October 1, 2021 with the specific due date to be announced later by NCHFA. Application guidelines and instructions are set forth within the Request for Proposals attached below.
Questions or comments regarding this notice should be directed to Aimee Holtsclaw at 919-996-6948.