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Open Doors Homeownership Grant

Grants to USA Nonprofits in Multiple States for
Affordable Housing for Low-Income Families

GrantWatch ID#: 171801
Agency Type:

Foundation / Corporation

CAHEC

07/31/17

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Grants of $10,000, $15,000, and $25,000 to USA nonprofit organizations in multiple States for the development of affordable housing for sale to low-income families. Eligible States include: Alabama, Florida, Georgia, Kentucky, Maryland, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, Washington, D.C., and West Virginia.

Eligible expenses include, but are not limited to, training, travel, marketing, and consultants. Developmental expenses an organization may incur due to receiving an Open Doors Homeownership Grant are the responsibility of the grantee.

The housing development plans must meet the following minimum criteria:

- The project includes a minimum of five (5) new or substantially rehabilitated homes. Substantial rehabilitation is defined as hard costs equal to or in excess of $20,000 per home.

- Homes may be scattered-site stand-alone single-family houses, condominiums, or townhomes.

- Homes must be available to purchase for households earning eighty percent or less of the area median income as defined by the USA Department of Housing and Urban Development.

- Residents of the local and low-income community in which the housing is being built are participating in the planning process.

- Homeownership training is in place for purchasers before and after the purchase of the home.

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For 2017, CAHEC is offering three grants: one at $25,000, one at $15,000, and one at $10,000.

Grant funds must be fully executed within 24 months of receipt.

To be eligible for consideration, an affordable housing development must be located within CAHEC's footprint of Alabama, Florida, Georgia, Kentucky, Maryland, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, Washington D.C., or West Virginia.

Organizations awarded a grant are not eligible to reapply for the Open Doors Homeownership Grant until two additional awarding years have passed. For example, an organization awarded the grant in 2016 would not be eligible to reapply until 2019.

AHEC accepts applications annually from February 15 to July 31. Eligible applications are scored via a competitive review process and awarded upon the impact and quality of the proposals.

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Click here to apply online: https://fs9.formsite.com/OpenDoors/form1/form_login.html

Stefanie Lee
Phone: (919) 645-9825
Email: slee@cahec.com

See the full text of this grant

USA: Alabama;   Florida;   Georgia;   Kentucky;   Maryland;   North Carolina;   Pennsylvania;   South Carolina;   Tennessee;   Virginia;   Washington, DC;   West Virginia

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