Find Nonprofit and Small Business Grants

Advance Search

Only Available for Paid Subscribers
Clear Filters
Search Filters

National Housing Trust Fund (NHTF) Program

Grants to Arkansas Nonprofits, Agencies, and For-Profit Entities
to Develop Affordable Rental Housing for Veterans

Agency Type:

State

Funding Source:

Add to My Calendar 

Arkansas Development Finance Authority (ADFA)

Deadline Date:

08/19/19 11:59 PM CST

Description:

Request a Grant Writer

Grants to Arkansas nonprofits, public housing agencies, organizations, and for-profit entities to construct new rental housing for extremely low-income veterans and their families. Funding may be used to build housing projects, single family homes, and multifamily residential rental units for extremely low-income (ELI) individuals and families.

Geographic Diversity: ADFA anticipates allocating available NHTF funds to expand the ELI and ELI Veteran rental housing supply located throughout Arkansas in areas near VA Medical Facilities/Hospitals, VA Support Services, and urban areas where employers are more concentrated and more likely to offer jobs to Veterans first.

Preference in the scoring matrix will be given to ELI Veterans who:
1. Are homeless (or at risk of becoming homeless),
2. Have special needs,
3. Are leaving correctional facilities, and/or
4. Have mental health issues.

A single proposed multi-family development may not contain less than four (4) units designated and reserved for ELI Veterans’ households and the remaining units reserved for ELI households.

For a detailed list of Scope of Services and Requirements, see Exhibit A: https://adfa.arkansas.gov/media/file/NHTF_NOFA_05012019_oyehLF7.pdf#page=8

GrantWatch ID#:

GrantWatch ID#: 184333

Estimated Total Program Funding:

$6,500,000

Estimated Size of Grant:

No single recipient may receive more than $1,000,000.00; however, ADFA has the right to waive this per-recipient allocation cap.

The maximum cost-per-unit is limited to:
- Rental Unit, 3-4 bedrooms, 2 bath, minimum bedroom net area 120 sq. ft.: $151,000
- Rental Unit, 1-2 bedrooms, 1-2 baths, minimum bedroom net area of of 120 sq. ft.:$120,000
- Single Family, 3-4 bedrooms, 2 bath, minimum bedroom net area of 120 sq. ft.: $162,000
- Single Family, 2 bedrooms, 1-2 bath, minimum bedroom net area of 120 sq. ft.: $140,000

Additional Eligibility Criteria:

Eligible applicants are defined as follows: An organization, agency, or other entity (including a public housing agency, or a for-profit entity or a nonprofit entity) that receives HTF assistance from a grantee as an owner or developer to carry out an HTF-assisted project.

Eligible Applicants consist of the Development Team who will construct new rental housing (single family homes, duplexes, or multi-family units) for Eligible Beneficiaries. The applicant must have the financial capacity to complete the proposed development and must provide a list of experienced development team members such as a general contractor, architect, property manager and legal counsel.

“Veteran” is defined under 38 CFR 3.1 as “a person who served in the active military, naval, or air service and who was discharged or released under conditions other than dishonorable.”

Extremely Low-Income Family” is defined as a “family whose income is between 0 and 30 percent of the median income for the area, as determined by HUD with adjustments for smaller and larger families, except that HUD may establish income ceilings higher or lower than 30 percent of the median for the area on the basis of HUD’s findings that such variations are necessary because of prevailing levels of construction costs or fair market rents, or unusually high or low family incomes.”

ADFA has established certain basic housing requirements to be used in the allocation of NHTF funds:
1. Geographic Diversity: ADFA anticipates allocating available NHTF funds to expand the ELI and ELI Veteran rental housing supply located throughout Arkansas in areas near VA Medical Facilities/Hospitals, VA Support Services, and urban areas where employers are more concentrated and more likely to offer jobs to Veterans first.
2. Applicant Capacity: Consideration will be given to the ability of the Applicant to undertake and complete the construction of the proposed type of housing in a timely manner.
3. Rental Assistance: Due to the targeted population of ELI households, the ability to secure rental assistance so that rents are affordable to ELI families will be a major factor in the success of any proposed development.
4. Duration of Affordability Period: All NHTF rental units must have affordability requirements for a minimum of thirty (30) years. The Development Team must demonstrate strength to enforce the affordability period.
5. Housing Needs of the State: ADFA has identified a housing need for ELI households and ELI Veterans.
6. Leveraging: The applicant should provide additional sources of funds such as other soft funds for construction, permanent financing and/or operating expenses.

Pre-Application Information:

Applications for the NHTF program must be received by ADFA via email on or before 11:59:59 PM CST on August 19, 2019.

Forms: https://adfa.arkansas.gov/files/

Additional information: https://adfa.arkansas.gov/program/national-housing-trust-fund/#programs-content

Contact Information:

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

Email applications to: nofa@adfa.arkansas.gov

Questions should be directed to:

Lori Brockway, Federal Housing Program Manager
Phone: 501-682-3339
Email: Lori.Brockway@adfa.arkansas.gov

Deanne Jennings, HOME Program Specialist
Phone: 501-682-5929
Email: Deanne.Jennings@adfa.arkansas.gov

URL for Full Text (RFP):

Geographic Focus:

USA: Arkansas