Notice of Funding Availability Loan Program
The Notice of Funding Availability (NOFA) loan program provides residential developers with various financing options for transformative housing projects that will make a visible positive impact on our communities. Through NOFA, DCED intends to support projects that achieve Plan Cincinnati’s goals to provide a full spectrum of healthy housing options and to improve housing quality and affordability.
NOFA is a public gap financing tool that leverages private financing to develop quality housing throughout the city. NOFA loans are awarded through a competitive application process, through which DCED staff evaluate and recommend projects based on how well they meet the City’s housing policy objectives.
DCED has opened a Round B of the 2023 NOFA Loan Program. Previous applicants and new applicants may be eligible to apply for NOFA-B.
NOFA-B Applications are due October 13, 2023, at 3pm. The Intent to Apply form for NOFA-B was due September 15, 2023; completion of the Intent to Apply form was required to apply to the 2023 NOFA-B. Award decisions are anticipated to be released in December.
Exhibit B – Procurement Handbook
