2024 Disasters Affordable Rental Program (ARP)
The Texas General Land Office (GLO) allocated $88,100,000 for the Affordable Rental Program (ARP), which provides funds for rehabilitation, reconstruction, and new construction of affordable multifamily housing projects in areas impacted by 2024 Disasters. Funding is available through the Community Development Block Grant Disaster Recovery (CDBG-DR) program, administered by the GLO.
There will be a single application cycle open for all requests for funding under the Affordable Rental Program (ARP). The state may use CDBG-DR funds to rehabilitate units directly damaged by the disaster events or construct units to satisfy losses resulting from the events. Tie back to the disaster may be accomplished either through documented direct damage or demonstrated loss to local housing markets. For rehabilitation projects, a 10-year LURA, and for reconstruction and new construction, a 20- year LURA will be placed on developments and any applicable lenders must agree to subordinate to the LURA. The applicant will guarantee completion of construction until a certificate of occupancy has been issued, and retainage has been released. If a rental project that requires rehabilitation or reconstruction is subject to existing affordability requirements associated with other funding sources, the 10 or 20‐year affordability period required under this notice may run concurrently (or overlap) with the affordability requirements associated with such other funding.
Additional details about the 24D Affordable Rental Program (ARP) – including eligibility requirements, eligible activities, national objectives requirements and more – are available in Section 7.8 of the GLO’s 2024 Disasters Action Plan.