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Notice of Funding Availability
NOTIFICATION: PRINCE GEORGE’S COUNTY DHCD’S 2022 NOTICE OF FUNDING AVAILABILITY APPLICATION DEADLINE HAS BEEN EXTENDED THROUGH APRIL 14, 2023
AMENDMENT TO 2022 NOTICE OF FUNDING AVAILABILITY FOR MULTIFAMILY RENTAL HOUSING -AVAILABILITY OF FEDERAL HOME-ARP FUNDING - MARCH 3, 2023
- The NOFA Schedule on Page 3 of the NOFA has been amended to reflect the deadline extension.
- DHCD HOME-ARP Allocation Plan was recently approved by the U.S. Department of Housing and Urban Development and is available on DHCD’s website at: PRINCE GEORGE’S COUNTY ANNUAL ACTION PLAN, AS AMENDED FISCAL YEAR 2022 (FFY 2021) – FINAL (princegeorgescountymd.gov). The approved HOME-ARP Allocation Plan (see pages 222-288 of the linked document) describes the proposed uses for this additional allocation of Federal Funds to Prince George's County. DHCD will be issuing additional guidance to allow for the award of HOME-ARP funding through the NOFA process. This amendment will provide guidance related to the priorities, preferences and scoring impact associated with requests for HOME-ARP funding through the NOFA process.
- The PILOT Analysis Workbook has been updated with instructions and easier navigation amongst worksheets. The Excel version of this workbook is available upon request, please reach out to Jocelyn Dowtin, Senior Underwriter, at JDDowtin@co.pg.md.us.
July 1, 2022 through June 30, 2023:
On December 9, 2022, DHCD published a Notice of Funding Availability (NOFA) for the Fall 2022 funding round (the "2022 NOFA") for housing and community development.
Under the NOFA, the following requests will be considered to support the acquisition/rehabilitation or new construction of affordable multifamily rental housing:
- HOME Investment Partnerships Program (HOME) or County Housing Investment Trust Fund (HITF) loans in an amount up to $2,500,000 per project in conjunction with the anticipated Spring 2023 State of Maryland Competitive Funding Round for projects seeking Low Income Housing Tax Credits (LIHTC) and other State funding sources.
- DHCD will prioritize projects seeking 9% LIHTC but will consider making awards to projects seeking 4% LIHTC based on funding priorities and available resources.
- Payment in lieu of Taxes (PILOTs) requests will be reviewed on a project-by-project basis based on financial viability
- DHCD will determine the appropriate source of County funding for each project based on a variety of factors, including resource availability and policy priorities.
DHCD will consider applications outside of the NOFA timeframe for priority, time-sensitive projects that have secured necessary financing and are in a position to progress towards closing. To be considered, please request a pre-application meeting with DHCD to discuss the project details, available resources, application process, legislative requirements, and schedule. Submit your meeting request to Pamela Wilson, Housing Development Program Manager, at firstname.lastname@example.org
2022 HOME HITF PILOT NOFA Extended