The Texas General Land Office (GLO) has opened applications for the $88.1 million 2024 Disasters Affordable Rental Program (24D-ARP). Applications are due by May 12.
The program covers costs associated with rehabilitating, reconstructing and building affordable multifamily housing in communities subject to disaster in 2024. Recipients in vulnerable communities will ultimately benefit from financial support aiding housing recovery efforts and resiliency measures.
For projects to qualify for the program, they must be located in one of 27 counties identified by the Department of Housing and Urban Development (HUD) as most impacted or distressed (MID). Eligible applicants include:
- Community Housing Development Organizations (CHDO).
- 501(c)(3) or 501(c)(4) Not-For-Profit Organizations (NPO).
- Local Public Housing Authorities (PHA).
- Local governments.
- Private for-profit property owners.
- Federally recognized Indian tribes.
Awards will range between $500,000 and $7.5 million per development.
All submissions must abide by certain requirements outlined in the application process, including demonstrating how the proposed development addresses 24D-ARP rental needs. Applicants may use documented direct damage or demonstrated loss to local housing markets to prove these claims. Projects may use funds to rehabilitate units directly damaged by disaster or build new units to satisfy losses.
Developments must meet Community Development Block Grant – Disaster Recovery (CDBG-DR) eligibility requirements and include eight or more rental units under common ownership. In addition to complying with HUD HOME Investment Partnership, applicants must submit evidence of property or site ownership at the time of the disaster.
At least 51% of units must be restricted for a minimum affordability period of 20 years for new construction or reconstruction and 10 years for rehabilitation of affordable rental units. If rehabilitation or reconstruction is subject to existing affordability requirements associated with other funding sources, the required affordability period may overlap with requirements associated with those other sources.
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