The Wayne County Community Development Program has released a HOME Investment Partnerships Program Notice of Funding Availability and Request for Proposals for affordable housing construction, acquisition and rehabilitation, homebuyer programs, and tenant-based rental assistance programs.
Donor Name: Wayne County Community Development Program
State: Michigan
City: Selected Cities
Town: Selected Towns
Type of Grant: Program
Deadline: 11/07/2022
Size of the Grant: Up to $6,800,000
Details:
In releasing this Notice of Funding Availability (NOFA), the goal of the Wayne County Community Development Program is to facilitate construction, acquisition, and rehabilitation of affordable housing for very-low and low-income households by in some instances providing gap financing with HOME Investment Partnerships Program (HOME) funding in addition to other forms of affordable housing support such as tenant-based rental assistance as available from the U.S. Department of Housing and Urban Development (HUD). Proposed projects must be leveraged with other funding sources, such as private equity loans from lending institutions and funds from federal, state or local programs, such as Low-Income Housing Tax Credits.
Funding Information
Total Funds Available: Up To $6,800,000
Home Eligible Projects and Activities
The Wayne County Community Development Program HOME funds will be used under this Request for Proposal (RFP) to support the following eligible projects and activities:
- Acquisition
- Acquisition of properties in need of rehabilitation and vacant land for new construction are eligible subject to the property meeting HOME requirements.
- Homebuyer Assistance
- Includes down-payment and closing cost assistance associated with eligible homebuyer activities.
- Homeowner Rehabilitation
- Assisting existing owner-occupants with the repair, rehabilitation or reconstruction of their homes.
- Multi-Family Rental New Construction and Multi-Family Rental Rehabilitation
- Rehabilitation includes the alteration, improvement or modification of an existing structure. Any project that includes the addition of dwelling units outside existing walls of a structure is considered new construction.
- Rehab and New Construction of Single-Family Housing for Homeownership
- HOME funds may be used for the rehabilitation or new construction of single-family housing for the purposes of selling to low-income homebuyers. Rehabilitation includes the alteration, improvement or modification of an existing structure. Any project that includes the addition of dwelling units outside existing walls of a structure is considered new construction.
- Tenant-based Rental Assistance
- Financial assistance for rent, security deposits, and utility deposits may be provided to tenants. Assistance for utility deposits may only be provided in conjunction with a TBRA security deposit or monthly rental assistance program.
For more information, visit WCCDP.
