The City of Austin has announced the Community Initiated Solutions Grant to empower organizations nearest to the problem to reduce residential displacement and create economic mobility opportunities for their most vulnerable communities along Project Connect corridors.
Donor Name: City of Austin
State: Texas
City: Austin
Type of Grant: Grants
Deadline (mm/dd/yyyy): 06/13/2022
Grant Size: $250,000
Grant Duration: 1 year
Details:
The current funding round for 2022 includes up to $20 million for nonprofit organizations and partnerships that prioritize:
- Renter/tenant stabilization: Investments may include tenant legal services and representation, emergency rental assistance, education on fair housing laws and tenant rights, and other programs, services, and investments that prevent displacement by stabilizing tenants.
- Expansion and preservation of homeownership opportunities: Investments may include down payment and closing cost assistance programs, mortgage assistance, foreclosure prevention assistance, HUD-approved housing counseling, home rehabilitation and repair loans, existing community land trusts and housing cooperatives, and other programs, services, and investments that prevent displacement by expanding and preserving homeownership opportunities.
- Other anti-displacement strategies: Investments that support economic mobility opportunities within the impacted area of Project Connect and help prepare the affected communities survive and even thrive in crisis. Asset building strategies that facilitate access to capital, estate planning, financial capability (education and literacy), leveraging affordable housing to create good paying jobs and skill building labs, as well as other innovative models that preserve and expand the community’s assets, and strengthen it through economic mobility opportunities may be considered.
Funding Information
Minimum amount will be $250,000. You may apply for up to three (3) years of funding understanding that if your application is selected, the initial contract term will be for one (1) year. Second and third years are extended based on outcomes, performance, and an updated budget.
Eligibility Criteria
Applicants must be one of the following:
- Nonprofit organizations: 501(c)3 or 501(c)4 non-profit organization and a registered vendor with the City of Austin; or
- Partnerships: Partnerships between nonprofit, for-profit, and community-based organizations. Partnerships must identify a lead organization responsible for coordinating the group’s activities, including fiscal administration, reporting, quality control, and deliverable management. The lead organization must be a registered vendor with the City of Austin. The application must demonstrate how each partner organization will contribute to the goals and outcomes set forth in the proposal.
For more information, visit City of Austin.
