Notice of Funding Availability
PRINCE GEORGE'S COUNTY DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT
NOTICE OF FUNDING AVAILABILITY
HOME Investment Partnerships Program and Housing Investment Trust Fund
Spring 2018
The Prince George’s County Department of Housing & Community Development (DHCD) is pleased to announce a Notice of Funding Availability (NOFA) for the HOME Investment Partnerships Program (HOME) and Housing Investment Trust Fund (HITF) for the Spring 2018 Round. This NOFA is for the acquisition, new construction or rehabilitation of affordable and workforce multifamily rental housing opportunities.
Based on the Prince George’s County Plan 2035: Adopted General Plan, DHCD has established the following set of Priorities to guide the award of competitive HOME and/or HITF Program funding:
- Preservation of Existing Affordable Housing;
- Targeting Affordable and Workforce Housing Projects Serving 40% to 80% of Area Median Income (AMI); Housing within Prince George’s County’s Transit Oriented Development (TOD) communities;
- Housing within Prince George’s County’s Transforming Neighborhood Initiative Communities (TNI);
- Housing that promotes Greater Access to Opportunity, such as Schools, Transit and Close Proximity to Job Centers;
- Housing priorities and guidance in the “Prince George’s County’s 2035: Adopted General Plan;”
- Creation of new mixed-income quality Affordable and Workforce Housing; and
- Targeting Affordable and Workforce Housing Projects that include Sustainable Design, Energy Efficiency and Green Design Standards.
DHCD is seeking mixed-income (market rate and affordable units), mixed-finance and mixed-use development projects.
Funds may only be awarded to projects that demonstrate a gap in financing and a need for additional resources. The following represents the proposed funding available for this NOFA – Spring 2018 Round:
HOME Investment Partnerships Program $2,868,490.00
Housing Investment Trust Fund $2,333,917.00
Total: $5,202,407.00
Please see the announcement for further details on general instructions, project eligibility, and application process and requirements. The proposed applications will be evaluated and scored in accordance with DHCD’s project evaluation criteria and underwriting requirements.
The following will be considered during this funding round:
Requests for Prince George’s County HOME Investment Partnerships Program and/or Housing Investment Trust Fund loan funds in an amount up to $2,000,000 per project not to exceed a 20% investment in total project cost.
Applications will be available on Thursday, April 26, 2018. The applications for HOME and/or HITF funds can be obtained from the Prince George’s County Department of Housing and Community Development, Housing Development Division, 9200 Basil Court, Suite 306, Largo, Maryland, 20774 or by calling (301) 883-5570, or through DHCD’s website.
If an EXCEL copy of the application is needed, please contact: Ms. Pam Wilson at: pawilson@co.pg.md.us or (301) 883-5551.
Completed applications must be received by Friday, June 1, 2018, no later than 5:00 p.m. EDT at the above address.
DHCD will sponsor a Pre-Proposal Conference as follows:
DATE: Thursday, May 3, 2018
TIME: 10AM – 12 noon
PLACE: 9200 Basil Court, 2nd Floor Conference Room, Largo, Maryland 20774
Interested participants are asked to R.S.V.P. by contacting the DHCD office by 5:00 p.m. EDT, Tuesday, May 1, 2018 on 301-883-5570 or via email at: lstaylor@co.pg.md.us.
Sign language for the hearing impaired and interpretive services can be made available. Please call 301-883-5576 to request these services.
Prince George’s County affirmatively promotes equal opportunity and does not discriminate on the basis of race, color, gender, religion, ethnic or national origin, disability, or familial status in admission or access to benefits in programs or activities.
By Authority of: Eric C. Brown, Director Department of Housing and Community Development 9200 Basil Court, Suite 500, Largo, Maryland 20774
Date: April 26, 2018