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USDA-RD has published the FY 2012 NOFA for the Section 515 Multi-Family Housing Preservation Revolving Loan Fund Demonstration Program. The NOFA will provide loans to private non-profit organizations and state and local housing finance agencies to carry out a demonstration program to provide revolving loans for the preservation and revitalization of low-income Multifamily Housing.
RD did not receive sufficient applications when it previously published this NOFA and, as a result, is soliciting for additional applications for the remaining funding.
Eligible projects include those financed under Sections 515, 514, and 516.
A copy of the NOFA may be found here: http://www.gpo.gov/fdsys/pkg/FR-2012-07-18/pdf/2012-17527.pdf