Funder: Missouri Housing Development Commission (MHDC)
Due Dates (Anticipated): October 2027 (Application deadline)
Funding Amounts: $4,000,000 estimated CY2027 funding pool; assistance structured as non-amortizing soft loans
Summary: Supports operating expense shortfalls at properties currently within MHDC’s multifamily housing portfolio.
Key Information: Only qualifying properties in MHDC’s compliance portfolio may apply; additional property and unit exclusions apply.
Description
The Operating Assistance Program (OAP), administered by the Missouri Housing Development Commission (MHDC), supports operating expense shortfalls at affordable housing properties currently within MHDC’s multifamily housing portfolio. Assistance is tied to property financial performance, compliance status, and eligible occupied units rather than general organizational operating needs.
The program evaluates expense or debt coverage over two consecutive calendar years and calculates potential assistance using eligible units and applicable rents. Funding is offered as a non-amortizing soft loan, subject to available funds and Commission approval. MHDC’s Asset Management program provides the application materials and administers applications through its Asset Management Reporting System (AMRS).
