Foundation / Corporation
02/19/20 11:59 PM ET
Opportunity to USA, Puerto Rico, and Virgin Islands nonprofit and for-profit organizations and tribal housing agencies to present creative ideas and innovative solutions to housing shortages. Funding and technical support will be provided to implement winning ideas related to housing finance, new construction, and resident services and support. The goal of the program is to create well-designed, affordable homes for low- to moderate-income families. Innovations involving both single-family homes and multifamily homes are eligible. Ideas designed to serve rural and/or tribal communities will receive a modest preference. The breakthrough idea can be brand new or it can be an expansion or enhancement of an existing idea.
Categories of funding:
The program seeks to address the needs of low- to moderate-income households, and will prioritize proposals serving 60 percent of area median income (AMI) and below. At the same time, the Fund will exercise flexibility up to 80% AMI based on the nature of the idea (e.g., rental vs. homeownership) and market context. They will also consider mixed-income strategies in which its estimated that the innovation will serve a majority of households at or below 60 percent AMI.
GrantWatch ID#: 187964
Each award will consist of $2,000,000 in direct grant assistance and $500,000 in technical assistance.
USA: Alabama; Alaska; Arizona; Arkansas; California; Colorado; Connecticut; Delaware; Florida; Georgia; Hawaii; Idaho; Illinois; Indiana; Iowa; Kansas; Kentucky; Louisiana; Maine; Maryland; Massachusetts; Michigan; Minnesota; Mississippi; Missouri; Montana; Nebraska; Nevada; New Hampshire; New Jersey; New Mexico; New York City; New York; North Carolina; North Dakota; Ohio; Oklahoma; Oregon; Pennsylvania; Rhode Island; South Carolina; South Dakota; Tennessee; Texas; Utah; Vermont; Virginia; Washington, DC; Washington; West Virginia; Wisconsin; Wyoming
USA Territories: Puerto Rico (USA) Virgin Islands (USA)
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