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Today the Office of Multifamily Housing published a Housing Notice, Continued Availability of Funds for COVID-19 Supplemental Payments for Properties Receiving Project-Based Rental Assistance under the Section 8, Section 202, or Section 811 Programs.
HUD is making available CARES Act funds to offset property expenditures to combat the effects of COVID-19. New in this Housing Notice is:
- the timeframe to incur expenses has been extended to a seven-month time period from four, allowing owners more time to plan and complete expenditures
- funds are available for limited types of capital investments, including HVAC system upgrades, emergency generators and broadband infrastructure
- a minimum expected funding level is available for each property, allowing owners to be confident that reimbursement will occur at no less than these established levels.
- a new streamlined prioritization waterfall will allocate all remaining funds across larger requests.
The Housing Notice allows owners to submit payment requests for expenses incurred through October 31, 2021. Request forms are due to HUD or the Contract Administrator by November 19, 2021. Property owners and management agents should contact their assigned HUD Account Executive or Contract Administrator with any questions about property eligibility for a CSP.
Read the CSP one pager or press release to learn more.
Please visit the Multifamily home page for the most recent Q&A and other guidance about the COVID-19 pandemic.
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