The Department of Community & Economic Development is excited to announce the recipients of the Notice of Funding Availability (NOFA) 2019-B loan program.
DCED’s Housing Division is recommending five (5) residential developments for NOFA loan awards. The awarded projects total $27 million in investment and 88 housing units. Fifty-three percent (53%) of all recommended units (47 units) will be affordable to households earning less than 80% of Area Median Income (AMI). A summary of each awarded project is listed below.