Hurricane Tag Archives

Florida Extends RFA Application Deadlines Following Hurricane Dorian, Releases Q&A and Modifies RFA 2019-102

The Florida Housing Finance Corporation announced that it will issue modifications extending three RFA Application Deadlines due to the impacts of Hurricane Dorian.

Florida Housing also released Questions and Answers regarding RFA 2019-111 “Rental Recovery Loan Program (RRLP) Financing to be Used for Rental Developments in Hurricane Michael Impacted Counties.”

Florida Housing issued a Third Modification to RFA 2019-102 Community Development Block Grant-Disaster Recovery (CDBG-DR) to be used in conjunction with Tax-Exempt MMRB and Non-Competitive Housing Credits in Counties Deemed Hurricane Recovery Priorities.

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Pennrose Selected as Master Developer by the Virgin Islands Housing Authority

Pennrose was selected as Master Developer by the Virgin Islands Housing Authority (VIHA) for the disaster recovery and redevelopment efforts in St. Thomas. The redevelopment efforts will serve as Pennrose’s first projects in the U.S. Virgin Islands and Caribbean and is planned for approximately 700 units on St. Thomas. Pennrose will partner with Jackson Development Company on the initiative, a developer located in the U.S. Virgin Islands.

After Hurricanes Irma and Maria devastated several Caribbean islands in 2017, HUD allocated $243 million of Community Development Block Grant Disaster Recovery (CDBG-DR) funds to the U.S. Virgin Islands to support long-term recovery efforts, with $32 million targeted for public and affordable housing.

HOME Financing for Hurricane Michael Impacted Counties and Rural Areas in Florida

Florida Housing issued RFA 2019-109 “HOME Financing to be used for Rental Developments for Hurricane Michael Impacted Counties and in Rural Areas.” To apply for funding, interested parties must submit the application, the Principals of the Applicant and Developer(s) Disclosure Form and the Development Cost Pro Forma. The deadline to apply for funding is 3 pm, ET on March 26, 2019.

$25 Million Allocated for Housing to Benefit Communities Impacted by Hurricanes Katrina and Rita

The Louisiana Housing Corporation (LHC) released a $25 million Notice of Funding Availability (NOFA) to increase and preserve affordable housing opportunities in 37 parishes impacted by Hurricanes Katrina and Rita. Specifically, $14.7 M has been allocated for recovery in New Orleans, which sustained the largest amount of damage from Katrina. The remaining dollars will be made available in all parishes that were impacted by the storms.

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