Sponsor: Community Development Administration
Procurement Type: Notice of Funding Availability

Starting Date: 01-29-2024
Closing Date: 07-21-2024
Closing Time: 11:41 AM

Summary
This NOFA announces the availability of funding from the City of St. Louis Community Development Administration (CDA) to facilitate the new construction or rehabilitation of residential or mixed-use development projects, and provide homeownership assistance to homebuyers purchasing city subsidized homes.

This NOFA only applies to developments located within the City of St. Louis.

Bonus points will be awarded for developing CDA-assisted and Land
Reutilization Authority (LRA) owned properties.

The City of St. Louis receives an annual allocation of Community Development Block Grant funds (CDBG) and HOME Investment Partnerships funds (HOME) from the U.S. Department of Housing and Urban Development (HUD). CDA administers these programs for the City in an effort to expand the supply of quality affordable housing and to stabilize City neighborhoods through the remediation of blighted areas.

CDBG and HOME Funds may be utilized to assist with development gap subsidy, bridge loan financing, and homebuyer assistance to insure affordability.

The CDA Spring Housing Production 2024 NOFA hereby solicits applications for residential development of affordable rental and for-sale homes: CDA intends to award up to $6,000,000 in Community Development Block Grant (CDBG) and HOME Investment Partnerships (HOME) funds.

Access NOFA resources, featured properties list, and appendix documents, resources links, the 2024 Housing NOFA Workshop & Public Hearing slides, and  the most recent Questions and Answers document at https://www.stlouis-mo.gov/government/departments/community-development/documents/2024-housing-nofa-documents.cfm

IMPORTANT DATES:
NOFA Release Date:
January 29, 2024

LRA Inspections End:
April 8, 2024

Preliminary Design Review Ends:
April 15, 2024

Application Deadline:
April 30, 2024