Proposals are being invited now for the coordinated affordable housing development fund to support housing and development projects throughout the county.
Donor Name: Hennepin County Government
State: Minnesota
County: Hennepin County (MN)
Type of Grant: Grant
Deadline: 09/29/2022
Details:
Hennepin County offers several grant opportunities and programs to support housing and development projects throughout the county. To maximize county resources and make the application process more efficient for those seeking funding, the county solicits an annual coordinated affordable housing development request for proposals (RFP) every year.
The Affordable Housing Incentive Fund (AHIF) program funds the development of affordable housing units for very low-income households. Affordable Housing Incentive Fund operates under the Hennepin County Housing and Redevelopment Authority (HCHRA) Board of Commissioners. AHIF loans are used for a variety of housing activities, including:
- Rental
- New construction, substantial and moderate rehabilitation, and preservation
- Transitional
- Supportive
- Mixed-income
Housing activities can serve families, individuals, seniors and special needs populations. Type, terms and conditions of the AHIF financing will vary depending on the availability of funding resources and the proposed activity.
Proposal due date: Thursday, September 29, at 3pm
Eligibility Criteria
- Financial assistance is provided to municipalities, other government and nonprofit agencies, private and nonprofit housing developers and other lenders in supporting the creation or preservation of long-term affordable housing countywide, typically in the form of a deferred low-interest loan.
For more information, visit Hennepin County Government.
