The County of Burlington is accepting grant proposals from eligible not-for-profit and non-profit organizations under the Affordable Housing Grant Program.
Donor Name: County of Burlington
State: New Jersey
County:
Type of Grant: Grant
Deadline: 08/18/2023
Size of the Grant: not-to-exceed $1,250,000.00
Details:
The County promotes equity and inclusion and encourages all eligible organizations to participate in this opportunity.
The County received funds from the United States Department of Treasury in connection with the American Rescue Plan Act (“ARPA”) and reserved a portion of the funds to establish this program. This Program will award grant funds on a discretionary basis in the form of a grant or a deferred payment loan to organizations who meet all Program criteria and requirements.
The objectives of the grant funds under this Program are to promote the construction of new, 100 percent affordable housing projects, as well as the construction of affordable housing units within mixed-income residential development, and the construction of affordable housing units that are designed to provide assistance to communities of need, including families experiencing homelessness or housing instability, and those who are responding to incidents of domestic violence.
Funding Information
The County will award grants to experienced affordable housing developers under the Program on a discretionary basis not-to-exceed $1,250,000.00 per organization. The total amount awarded may not exceed eight percent of the total project costs.
Eligible Projects
For a project to be eligible for the Program, it must be eligible to be funded under any of the following federal housing programs:
- The National Housing Trust Fund (HTF, administered by HUD);
- The Home Investment Partnerships Program (HOME, administered by HUD);
- The Low-Income Housing Tax Credit (administered by Treasury);
- The Public Housing Capital Fund (administered by HUD);
- Section 202 Supportive Housing for the Elderly Program and Section 811 Supportive Housing for Persons with Disabilities Program (administered by HUD);
- Project-Based Rental Assistance (PBRA) (administered by HUD); and
- Multifamily Preservation & Revitalization program (administered by USDA).
The Applicant must have developed no less than 150 of units of affordable housing in New Jersey over the past three years. All funds must be used within Burlington County. Grantee shall defend and indemnify the County over any litigation that arises as a result of the construction of the subject affordable housing. Grantee shall further certify that the subject affordable housing developments shall be compliant with all applicable equal opportunity and all affirmative action requirements.
For more information, visit County of Burlington.
