LeadingAge has partnered with the National Cooperative Bank (NCB) and Grantmakers in Aging (GIA) to launch LeverAge, a program to address the financing needs of LeadingAge members serving low-income older people. LeverAge can be used to reposition, to expand, or to add to aging services, housing, and long-term care programs serving at least 40% of the participants at 80% or less of area median income.
LeadingAge has convened a group of housing providers and advocates interested in developing a Section 202 project rental assistance contract (PRAC) preservation strategy to address the rehab needs of aging properties. If you are interested in participating in the Section 202 PRAC preservation working group, please contact Alayna Waldrum via email: email@example.com.
In early November, LeadingAge held a conference call with members and coalition partners on the Section 202/811 regulations that were published in October. We are developing a formal response to the proposed regulations to facilitate the most workable supportive housing model for Section 202 providers and residents. Comments are due Dec. 8. We encourage Section 202 housing members to take a look at the notice and share their thoughts by submitting a formal response or communicating with LeadingAge staff so that concern can be included in our response.
The Better Building Challenge (BBC) is a way for the U.S. Department of Housing and Urban Development (HUD) to get housing providers to focus on potential energy savings in their properties. HUD has been creating a number of new incentives to stimulate greater interest and participation, including Management Agent Add-On Fees and PRAC Shared Savings.
The U.S. Department of Housing and Urban Development (HUD) is encouraging Section 236 and Section 202 property owners with active mortgages to take action now to preserve the affordability of their buildings. HUD is encouraging owners to sign up for a new preservation mailing list to learn about options available for preserving your property for the long-term.