Foundation / Corporation
Grants for nonprofit organizations that develop and create affordable housing for low-income families. The purpose of these grants is to support organizations in developing housing opportunities that are affordable for low income families. Funding may be used for, but is not limited to: training, travel, marketing, and consultants. Homes developed using the grant should be ready for sale by the end of 2013. Funding must also be used to meet the following criteria:
• The project must include a minimum of five new (or significantly rehabilitated) homes. The homes may be scattered-site stand-alone single-family houses, condominiums, or townhouses. Significantly rehabilitated homes may be defined as having hard costs equal to, or in excess of, $20,000 per home.
• Purchase of the homes is restricted to low income families, which may be defined as: households earning 80% or less of the Area Median Income as defined by the U.S. Department of Housing and Urban Development, and adjusted for family size.
• Residents of the local and low-income community in which the housing is being built must be included in the planning process.
• The organization must provide homeownership training for purchasers before and after the purchase of the home.
GrantWatch ID#: 125169
NOTE: Organizations that are tax-exempt but do not have a 501(c)(3) status should contact Chris Stigall before applying as they may or may not be eligible.
Only organizations located within and primarily serving Alabama, Florida, Georgia, Kentucky, Maryland, North Carolina, South Carolina, Tennessee, Virginia, Washington, D.C., or West Virginia may apply.
Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.
For all inquiries contact Chris Stigall by phone at: (919) 788-1818, or via email at: firstname.lastname@example.org.
All applications should be postmarked by July 20,2011 and sent to:
Attention: Mr. Chris Stigall
7700 Falls of Neuse Road, Suite 200
Raleigh, NC 27615
USA: Alabama; Florida; Georgia; Kentucky; Maryland; North Carolina; South Carolina; Tennessee; Virginia; Washington, DC; West Virginia