Bid Description
RI Housing and Mortgage Finance Corporation
Bid Number:Neighborhood Opportunities Program Operating Renew
| Description |
| Through this Request for Proposals (“RFP”), the Rhode Island Housing and Mortgage Finance Corporation (“RIHousing”) seeks proposals from existing NOP projects for renewals of previous Permanent Supportive Housing or Family Housing Program awards. Application is only open to existing NOP projects for renewals of previous Permanent Supportive Housing or Family Housing Program awards. Renewals may include funding for existing NOP projects that require additional operating subsidy to meet their initial 10-year obligation, to extend their expiring 10-year obligation, or to increase the number of units supported by NOP in their development.
NOP was an initiative of the State of Rhode Island Housing Resources Commission, the dual purposes of which were to (i) increase the supply of affordable rental housing for very low-income families and individuals and (ii) preserve permanent supportive housing (PSH) and family housing (FHF) opportunities for disabled persons who are experiencing homelessness.
Funding for NOP is currently being provided by RIHousing. The renewal term will be determined by funding availability and applicant’s need but will not be less than one year nor greater than ten years. |
