The City of Irving is accepting application for its Home Investment Partnership Grant Funds (HOME), used to increase available affordable housing.
Donor Name: City of Irving
State: Texas
City: Irving
Type of Grant: Grant
Deadline: 04/01/2022
Size of the Grant: $1,000
Details:
The City of Irving receives Home Investment Partnerships Grant (HOME) funds from the US Department of Housing and Urban Development (HUD) to assist in the creation of affordable housing opportunities. The City of Irving maximizes the benefits of these funds through its partnership with non-profit builders. To that end, the City of Irving sets aside no less than 15% of its HOME annual allocation to be used by Community Housing Development Organizations (CHDOs). A Community Housing Development Organization (CHDO) is a private, non-profit organization that is certified by the City of Irving to meet specific criteria in order to develop affordable housing through the HOME grant for persons at or below 80% of the Area Median Household Income.
Funding Information
- The minimum amount of HOME funds that can be invested in an eligible project is $1,000 per HOME assisted unit.
Eligibility Criteria
- Eligible nonprofit organizations that meet the qualifications to be considered a Community Housing Development Organizations (CHDOs) are encourage to apply for CHDO Reserve funding. HOME funds must be used to purchase, construct, rehabilitate and resell single-family homes to income-qualified buyers.
- Eligible project activities under this Notice of Funding Availability include:
- Acquisition, Rehabilitation, and Resale of single-family homes to eligible first-time homebuyers
- Acquisition of property for the construction of new single-family homes which will be sold to eligible first-time homebuyers
- Acquisition and Reconstruction of substandard single-family homes which will be sold to eligible first-time homebuyers.
For more information, visit Home Investment Partnerships Grant.
