Notice of Funding Available: Rural Multifamily Housing Preservation and Revitalization Demonstration Program - Section 514, 515, and 516 for Fiscal Year 2014

Projects under Section 515, Section 514, Section 516 are eligible to receive funds. Under the demonstration program, existing Section 515 Multifamily Housing (MFH) loans and Sections 514/516 Off-Farm Labor Housing (FLH) loans will be restructured to ensure that sufficient resources are available to preserve the ability of rental projects to provide safe and affordable housing for very low, low, or moderate-income residents. Projects participating in this program will be expected to be revitalized to extend their affordable use without displacing tenants because of increased rents.

Pre-applications for this NOFA will be accepted until November 24, 2014.