The Department of Community & Economic Development is excited to announce the recipients of the Notice of Funding Availability (NOFA) 2019-A loan program.
DCED’s Housing Division is recommending six (6) affordable residential developments for NOFA loan awards. The awarded projects total $60 million in investment and 365 housing units. Ninety percent (90%) of all recommended units (328 units) will be affordable to households earning less than 80% of Area Median Income (AMI). A summary of each awarded project is listed below.
As we announce our first round of NOFA awards for the year, we look forward to the release of our 2019-B funding round in the Fall. If your team is interested in applying for funding, please fill out the NOFA19-B Intent to Apply form and return it to our department by Friday, August 31 at 3 PM.