Grant Overview
New Construction — Planned Development or Reimbursement
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Open to not-for-profit or for-profit company
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Targeted to shovel ready planned developments or for reimbursement after construction has begun but prior to occupancy
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Funding of up to 25% of total construction cost of the affordable housing component of the project (actual amount of funding commitment by the City may vary)
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Land must be owned by the applicant
Rehabilitation of Existing Housing Units
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Open to non-for-profit or for profit company
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Targeted to developments that are ready to start rehabilitation of existing units for the purpose of affordable housing within two years of agreement
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Funding of up to 25% of total construction cost of the affordable housing component of the project (actual amount of funding commitment by the City may vary)
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Land must be owned by the applicant