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Multifamily Preservation and Revitalization (MPR) Demonstration Program Under Section 514, Section 515, and Section 516
Eligibility for MPR funding includes current RD borrowers that have received a loan from the Agency and eligible applicants who are applying to assume ownership and the associated presently outstanding RD loans on RD-financed MFH properties. Eligible applicants for the MPR program include individuals, partnerships or limited partnerships, consumer cooperatives, trusts, State or local public agencies, corporations, limited liability companies, non-profit organizations, Indian tribes, associations, or other entities that own or will be the owner of the project for which an application for transfer of ownership by the Agency is submitted.
The National Office publishes a NOSA as soon after the start of the Fiscal Year as possible after a budget or a continuing resolution is signed into law by the President.
The NOSA will list the information that applicants must submit in their proposal including the criteria the Agency will use to evaluate and rank proposals; the deadline for submitting proposals; and the State Office addresses where the proposals may be sent.
Interested applicants should contact their local USDA Rural Development field office for more information.
