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Maryland Affordable Housing Trust (MAHT)

Grants to Maryland Nonprofits, Businesses, and Agencies
for the Acquisition and Rehabilitation of Affordable Housing

Agency Type:

State

Funding Source:

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Maryland Department of Housing and Community Development

Deadline Date:

08/31/18 4:00 PM Receipt

Description:

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Grants of up to $75,000 to Maryland nonprofit organizations, government agencies, housing authorities, and profit-motivated entities for the acquisition, construction, and rehabilitation of affordable housing, as well as development and operating expenses of an affordable housing project. Funding is also intended for social self sufficiency services to tenants of affordable housing and for operating expenses associated with affordable housing developments.

The Maryland Affordable Housing Trust promotes affordable housing for households earning less than 50% of area or Statewide median income, whichever is higher, by:

- Funding capital costs of rental and ownership housing;
- Providing financial assistance for nonprofit-developer capacity building;
- Funding supportive services for occupants of affordable housing; and
- Funding operating expenses of affordable housing developments.

Projects that meet the following criteria will be most competitive:

- Target very low-income persons
- Provide housing for families with minor children and/or single adults in Single Room Occupancy units;
- Demonstrate project readiness and feasibility;
- Project long-term affordability (for capital projects);
- Leverage other funds and/or provide the final piece in a financing package; and
- Provide self-sufficiency services
- Address "green" building technologies

GrantWatch ID#:

GrantWatch ID#: 182061

Estimated Size of Grant:

The maximum award amount is $75,000.

Additional Eligibility Criteria:

Eligible applicants include:
- Nonprofit organizations
- Public housing authorities
- Government agencies
- Profit-motivated entities

The Maryland Affordable Housing Trust does not provide:
- Direct rental assistance to tenants;
- Capacity building assistance that is not related to a specific housing development; or
- Purchase of grantee personal property, such as office furniture or equipment.

Pre-Application Information:

Although the Maryland Affordable Housing Trust reserves the right to make its funding available as interest-bearing loans, funding for project-specific capacity building, operating expenses and support services are generally made as grants. Funding for pre-development costs is generally repayable upon the closing of permanent financing for a project. Funding for capital projects is offered as deferred-payment loans or recoverable grants payable if the project is sold and/or ceases to be used for low-income occupancy.

Timeline
- Guidelines and application available: July 1, 2018
- Applications due: August 31, 2018
- Announcement of awards: Early December, 2018

Contact Information:

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

Completed applications should be delivered to:
Maryland Affordable Housing Trust
c/o Dept. of Housing and Community Development
7800 Harkins Road
Lanham, MD 20706

maht.dhcd@maryland.gov
844-368-6948

After submitting hard copies, applicants are encouraged to email a completed application to peter.brady1@maryland.gov

URL for Full Text (RFP):

Geographic Focus:

USA: Maryland