|HUD No. 11-010
Kelly L. Jorgensen
May 26, 2011
HUD REGIONAL ADMINISTRATOR SPEAKS AT UTAH NON-PROFIT OPEN
HOUSE FOR LOW INCOME SENIOR HOUSING
Project supported by $7,859,700 Section 202 capital advance, $400,000
pre-development grant and $566,700 of rent subsidy funding
SALT LAKE CITY - At the Open House hosted by Utah Non-Profit Housing for their newest development, Plymouth View Senior Housing, HUD Regional Administrator and Senior Advisor to the Secretary on Sustainability Rick Garcia spoke today. This new development was built with energy efficient design and the newest green building construction techniques including a geo-thermal energy system. Plymouth View Senior Housing is also the first green structure in its class managed by U.S. Department of Housing and Urban Development.
"As the first of its kind in the Western United States Region, this development is a ground breaking achievement in pushing the envelope of green building practices on HUD 202 properties," Garcia said. "We look forward to working
with Utah Non Profit Housing Corporation on future developments that meet HUD's Green Initiative Guidelines."
The Section 202 Program helps expand the supply of affordable housing with supportive services for the elderly. It provides very low-income elderly with options that allow them to live independently but in an environment that provides support activities such as cleaning, cooking, transportation, etc.
HUD provides interest-free capital advances to private, nonprofit sponsors to finance the development of supportive housing for the elderly. The capital advance does not have to be repaid as long as the project serves very low-income elderly persons for 40 years.
Project rental assistance funds are provided to cover the difference between the HUD-approved operating cost for the project and the tenants' contribution towards rent. Project rental assistance contracts are approved initially for
3 years and are renewable based on the availability of funds.
Occupancy in Section 202 housing is open to any very low-income household comprised of at least one person who
is at least 62 years old at the time of initial occupancy.
HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes: utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and transform the way HUD does business. More information about HUD and its programs is available on the Internet and espanol.hud.gov.