Monday, December 10, 2007

Grants for Local Or State Affordable Housing

From The Foundation Center...

MacArthur Foundation Announces Awards Program for Public Sector Housing Preservation Leaders

Deadline: January 29, 2008 (Letters of Interest)

Through its awards for State and Local Housing Preservation Leaders, the John D. and Catherine T. MacArthur Foundation ( http://www.macfound.org/ ) intends to provide $35 million in total new funding for innovative public-sector initiatives designed to preserve and improve the existing stock of privately owned affordable rental homes across the United States.

These new awards are part of the foundation's expanded commitment to Window of Opportunity ( http://windowofopportunity.macfound.org/ ), a national initiative dedicated to the preservation and improvement of affordable rental homes.

The foundation expects to select up to ten states and localities to receive awards in 2008. These awards are likely to include grants and/or program-related investments ranging from $250,000 to a maximum of $5 million. All funds must be used to design, demonstrate, or scale up a significant preservation initiative. Only the following entities can apply for funding through these awards: city, county, or state governmental body, or a formal collaboration among several governmental units operating in a common geographic region. The applicant should oversee key sources of funding and subsidy for developers and owners of affordable rental housing, including but not limited to Community Development Block Grants, local affordable housing trust funds, and proceeds from tax increment financing districts. State agencies applying for these awards should be responsible for allocating Low Income Housing Tax Credits and private activity bonds, in addition to major state-funded resources for affordable housing. In general, public housing authorities will not be eligible.

Visit the foundation's Web site for complete program guidelines and instructions for submitting a Letter of Interest. RFP Link: http://fconline.foundationcenter.org/pnd/10010114/macfound

No comments: