Multi-family housing preserv and revital revitalization grant

The Department of Agriculture Rural Housing Service Multi Family Housing Program awarded Pine Meadows Senior Housing $1.44 million on March 18, 2027, under the Rural Multi-Family Housing Revitalization Demonstration Program (CFDA 10.447), a Project Grant to preserve and revitalize existing rural rental housing financed under Section 515 and Sections 514/516 of the Housing Act of 1949. The award obligates $1.44 million with a period of performance extending from March 18, 2027, through April 18, 2028. Place of performance is Washington. The program prioritizes projects based on contribution of funds from other sources, owner contribution sufficient to pay transaction costs, property age, transfer and revitalization of troubled projects, prior agency-approved Capital Needs Assessments, energy conservation and green property management, new tenant services provided by non-profit organizations at no cost to the project, consolidation of project operations, and proposed sale to non-profit or public housing authority entities.