Funds Available for Affordable Housing Development Projects The North Suburban Consortium (NSC), which includes the communities of Arlington, Chelsea, Everett, Malden, Medford, Melrose, Revere, and Winthrop, has allocated $4,000,000 for the acquisition, construction, and/or rehabilitation of affordable rental housing for HOME-American Rescue Plan (HOME-ARP) Qualifying Populations pursuant to Section 3205 of the American Rescue Plan Act of 2021 and 42 U.S.C. 12701 et seq. The NSC is seeking proposals from non-profit housing developers, for-profit housing developers, and public housing authorities to develop rental housing under HOME-ARP. Eligible projects for HOME-ARP funding include the acquisition, rehabilitation, or new construction of rental housing. HOME-ARP funding must follow the requirements set forth on Notice CPD-21-10, https://www.hud.gov/sites/dfiles/OCHCO/documents/2021-10cpdn.pdf and applicants for rental development funding should be familiar with pages 3-9, and 20-37 of the Notice. In addition to the specific new requirements for HOME-ARP set forth in the Notice, many of the operational and administrative requirements are the same as under the HOME program. The Notice of Funding Availability will be available at https://www.cityofmalden.org/bids.aspx beginning on Thursday, Jw1e 81'\ 2023. Applications will be accepted on a rolling basis. Please direct any questions to Kristina Tseng, HOME Director, at .
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