The City of Longmont is now accepting project applications for Affordable Housing Fund and CDBG funding from interested agencies, organizations, builders, and developers.
Donor Name: City of Longmont
State: Colorado
Type of Grant: Grant
Deadline: 05/27/2022
Size of the Grant: $1,100,000
Details:
The City is accepting applications for the following type of projects:
- Affordable Housing Projects. Projects include the acquisition, construction, or rehabilitation of affordable units. Priority will be given to rental projects that will assist households that are at or below 50% of the Area Median Income or for-sale projects that will assist households that are at or below 80% of the Area Median Income.
- Community Investment Projects. Projects may include:
- The physical improvement of non-residential buildings or ADA modification of common areas of residential buildings owned and operated by nonprofit organizations.
- The provision of eligible services to low- and moderate-income people by nonprofit organizations in areas such as economic development, provision of child care, fair housing resources, or housing counseling.
The City estimates that $1,100,000 in Affordable Housing funds and $600,000 in CDBG funds will be available to award to eligible projects in this funding round.
Eligible uses of CDBG funding include:
- Acquisition of real property
- Acquisition, construction, and rehabilitation of public facilities, including infrastructure to support affordable housing projects
- Demolition and clearance of deteriorated buildings
- Public services for low/moderate income people, including employment, crime prevention, child care, health, drug abuse, education, fair housing counseling, energy conservation, welfare, or recreational needs
- Removal of barriers that restrict the mobility of people with disabilities
- Rehabilitation of rental or homeownership housing for low-and moderate-income households
- Rehabilitation of publicly or privately owned commercial or industrial buildings. Funding is limited to exterior work and correction of code violations
- Loans to small businesses that create jobs for low/moderate income people
HOME funding is for affordable housing activities including:
- New construction of affordable housing, including soft costs and predevelopment
- Rehabilitation of rental housing and/or homeowner housing
- Tenant Based Rental Assistance (TBRA)
- Homeowner Down Payment Assistance Program (DPA)
- Address recent and urgent health and safety need
The Affordable Housing Fund is for affordable housing activities that support and serve low/moderate-income people and families, including the following:
- New construction of affordable rental and/or for sale housing, which can include related infrastructure and soft costs
- Rehabilitation of rental or for-sale housing that is or will be affordable
- Acquisition of land
- Conversion of market rate housing to affordable housing.
For more information, visit City of Longmont.
