Section 202: New Senior Housing Projects Launching Soon
What new Section 202 housing is launching soon? HUD announced FY2024 Section 202 awards on January 15, 2025, including nearly $97 million for new PRAC-assisted homes (≈700–800 units) across multiple states. These projects typically move from award to closing and construction over 6–24 months, so expect groundbreakings and early lease-up notices through late 2025–2027, depending … Read more