Multi-family housing preserv and revital revitalization grant

The Department of Agriculture Rural Housing Service Multi Family Housing Program awarded $1.2 million to Pine Meadows Senior Housing on June 18, 2027, under the Rural Multi-Family Housing Revitalization Demonstration Program (CFDA 10.447) to preserve and revitalize existing rural rental housing. The award funds work to be performed in Washington through June 18, 2028. The program preserves and revitalizes existing rural rental housing and farm labor housing projects financed by RHS under Section 515 and Sections 514/516 of the Housing Act of 1949. Recipients are evaluated on contribution of funds from other sources, owner contribution to transaction costs, project 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. The award is a Project Grant assistance type.