Section 811 Housing Assistance
The Section 811 Project-Based Rental Assistance (PRA) program, administered by the New Mexico Mortgage Finance Authority (MFA), provides project-based rental subsidies to housing developers and owners to create and maintain supportive housing for very low-income individuals with significant and long-term disabilities. Offered by New Mexico Mortgage Finance Authority; awards $421K.
Key Facts
- Funder
- New Mexico Mortgage Finance Authority
- Award amount
- $421K
- Deadline
- Rolling / not specified
- Geography
- New Mexico
- Categories
- Community Development
- Status
- Open
About This Grant
The Section 811 Project-Based Rental Assistance (PRA) program, administered by the New Mexico Mortgage Finance Authority (MFA), provides project-based rental subsidies to housing developers and owners to create and maintain supportive housing for very low-income individuals with significant and long-term disabilities. The subsidy covers the difference between the tenant payment (30% of adjusted gross income) and the approved contract rent. The program is often paired with other MFA multifamily...
Full requirements and application instructions: official listing.
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