Rural Economic Development Efforts to Receive Housing Boost
Rural Texas communities experiencing or seeking job growth could soon meet the increasing demand for affordable rental housing through an innovative housing program recently unveiled by state housing officials which will be tied directly to job creation in rural communities.
TDHCA has released a $5 million Notice of Funding Availability (NOFA) for a new rental housing development program designed to help rural communities expand the stock of rental housing affordable to its local workforce.
Eligible applicants have until October 1, 2007, to apply and include nonprofit housing organizations, public housing authorities, sole proprietors, and local governments. Applicants must be located in or represent non-participating jurisdictions as designated by the US Department of Housing and Urban Development.
Funds must be tied to the creation of new or expanded job opportunities currently in development or created within the previous 18 months at the time the application is submitted. Only housing development sites where businesses employing at least ten new positions in the area will be considered, and employment locations must be located no more than 20 miles from the proposed housing development.
Projects where limited housing is a factor in the overall site selection for new business will be given a priority. Applications for funding must provide evidence of a definite and long-term employment commitment from the employer.
Organizations and individuals interested in applying for funds or who would like more information on the NOFA and this new initiative are encouraged to contact Skip Beaird at (512) 475-0908 or via email at firstname.lastname@example.org; or Barbara Skinner at (512) 475-1643 or via email at email@example.com.