Indianapolis African American Quality of Life Initiative (IAAQLI) invites eligible applicants to submit projects/programs that address the strategy of Racial Equity in Housing Development.
Donor Name: Indianapolis African American Quality of Life Initiative (IAAQLI)
State: Indiana
County: Marion County (IN)
Type of Grant: Grant
Deadline (mm/dd/yyyy): 04/22/2022
Size of the Grant: $1,500,000
Grant Duration: 3 years
Details:
IAAQLI seeks to engage African American lead development teams to promote equitable and scalable models to increase the number of quality rental housing and for-sale homes in the African American community. The Indianapolis African American Quality of Life Initiative (IAAQLI) has identified the following strategy:
- Strategy – Racial Equity in Housing Development
The goal of this strategy is to enhance the opportunity for development teams led by African Americans to be successful in their endeavors to increase quality and affordable housing throughout Indianapolis.
Funding Information
Under IAAQLI, NUL has committed $7,000,000 in funding for pre-development grants of up to $500,000 and equity/gap grants of up to $1,500,000. The grant term for awarded funds for pre-development, equity and gap funding is up to three (3) years.
Eligibility Criteria
Funding is restricted to organizations that are public charities described in Section 501(c)(3) of the Internal Revenue Code (Code). To be eligible for a grant award through this RFP, preference will be given to organizations that are African American-led and that is embedded in communities serving African American residents in Marion County, Indiana. Examples include:
- Nonprofit social service organizations described in Section 501(c)(3) of the Code.
- Community-based organization (CBO).
- A religious organization with demonstrated housing development experience.
- Community Development Corporation (CDC).
- Community Housing Development Organization (CHDO).
In reviewing applications, preference will be given to organizations that include a plan for measurable milestones, outcome reporting, and collaborative project/program teams that consist of:
- An experienced African American developer that is focusing on lot by lot, block by block development.
- An African American lead architect.
- A builder that has experience in larger scale projects with the capacity to execute the proposed project/program, paired with a contractor focused on low unit multi-family and residential single-family homes.
- A Community Development Corp. (CDC) or Community Housing Development Organization (CHDO) collaborator that will economically benefit from the large-scale development.
- Experienced developers and designers working with emerging African American developers and designers.
For more information, visit Racial Equity Grant.
