The United States Department of Housing and Urban Development (HUD) announced that it has granted a 30-day extension for all multifamily submissions for the year ended December 31, 2010. HUD has also announced that their system will be offline for maintenance from April 29 - May 2, 2011. All electronic submissions for the fiscal year ended December 31, 2010 should be completed prior to April 29, 2011.

The Department of Housing and Urban Development (HUD) released the 2010 Notice of Funds Available (NOFA) for Section 202 funds this month. This NOFA provides approximately $371 million in capital advance funds. Nonprofit organizations can apply for these funds to develop housing for very low-income seniors. The deadline for application submission is June 1, 2011. Visit HUD's web-site for additional details about this program.