Malden Vacant Properties Program NOFA

The City of Malden is seeking proposals from non-profit housing developers, for-profit housing developers, and public housing authorities to develop affordable homeownership. The City has received $45.7 million in American Rescue Plan Act (ARPA) Local Fiscal Recovery funds and has granted $2 million to the Malden Redevelopment Authority (MRA) to acquire, rehabilitate, and sell vacant and blighted properties as affordable homes to income-eligible households. Key aspects of the project include: • Acquiring vacant and blighted properties • Rehabilitating properties to make them affordable homes • Selling properties to income-eligible households • Developing affordable homeownership opportunities • Utilizing $2 million in funding from the Malden Redevelopment Authority