NOTICE OF FUNDING AVAILABILITY American Rescue Plan Act Funds Available for Affordable Housing Development Projects
The City of Malden has received $45.7 million in American Rescue Plan Act (ARPA) Local Fiscal Recovery funds, and has allocated approximately $4 million to be spent on affordable housing. The City, through its ARPA Subcommittee on Housing, is accepting applications from qualified applicants for affordable housing development projects. Applicants may be public agencies, non-profit organizations, private developers, or other qualified entities. Activities may include, but are not limited to, acquisition, rehabilitation, or new construction. The City reserves the right to increase or decrease the amount of funds available through this Notice of Funding Availability. All activities must meet federal ARPA requirements and align with the City of Malden’s affordable housing needs.
The Subcommittee is accepting applications on a rolling basis beginning February 4, 2022 and ending when funds are exhausted. Applications are available online at: https://www.cityofmalden.org/DocumentCenter/View/4854/ARPA-Housing-Application
The City’s Office of Strategic Planning and Community Development (OSPCD) staff is available to provide guidance in applying for these funds. Once applications have been received, they will be reviewed for accuracy and completion by OSPCD staff. Following OSPCD staff review, applications will be reviewed by the Subcommittee. The Subcommittee recommends successful applications to the City of Malden’s ARPA Steering Committee for approval.