The Baltimore City Department of Housing & Community Development (DHCD) is making up to $8.1 million available from its Affordable Housing Trust Fund to support homeownership projects sponsored by Community Land Trusts (CLTs).
Donor Name: Baltimore City Department of Housing & Community Development
State: Maryland
County: All Counties
Type of Grant: Grant
Deadline: 06/30/2025
Size of the Grant: $500,000 to $1 million
Grant Duration: Grant Duration Not Mentioned
Details:
Affordable Housing Strategies
Through this NOFA they are looking for proposals that are based on homeownership. These proposed developments could be the following:
- Acquisition & Rehab- This housing strategy would have the Community Land Trust and/or development partner acquire homes or acquire vacant land and rehab them for sale to a eligible first-time homebuyer
- Buyers Choice/Buyer-Initiated- This housing strategy allows eligible buyers to identify and purchase housing that is for sale in the program’s targe tarea. funding is allocated to assist the buyer purchasing the property by lowering the amount of first morgage required
- Innovation– They understand that the two above strategies may not fit your community. They welcome innovated housing strategies and highly encourage a conversation with Affordable housing Trust Fund staff before you submit. This process will help to talk through the innovated strategies and to highlight any concerns the strategies might bring.
Funding Information
Qualified applicants can request up to $1,000,000.00 per project.
Eligible Uses of Funds
- Acquisition and stabilization of non-City owned properties
- Architectural and Engineering
- Environmental assessment and testing
- Market and Financial Feasibility Analysis
- Construction
- Carrying Costs
- Financing and Lender Fees
- Legal Fees associated with closing, financing, and drafting legal documents necessary of development
- Consultant Fees directly associated with the implementation of the project
- Project management staff
- Infrastructure and utilities
- Single family, Condos and Co-operative (Co-op) building projects
- Direct Subsidy.
Eligibility Criteria
The Department defines Community Land Trusts as entities that provide affordable housing to low-income and moderate-income families through an affordable housing land trust agreement; and are organized or managed by a nonprofit organization exempt from taxation under § 501(c)(2), (3), or (4) of the United States Internal Revenue Code. CLT applicants that do not have 501(c), (2), (3) or (4) status must demonstrate that they are a legally organized business entity that is managed by a nonprofit. The application must include an affirmative statement that explains how the entity is managed and or organized by a nonprofit and that they are in compliance with the requirements of Section 14 of the Annotated Code of Maryland Real Property Article. Eligible applicants should be able to demonstrate the following:
- Registration as an Affordable Housing Land Trust with the Maryland Department of Assessments and Taxation and compliance with the State’s Affordable Housing Land Trust Laws found in Section 14 of the Annotated Code of the Maryland Real Property Article.
- By-Laws that, at a minimum, establish terms for the board of directors, officers, stewardship, conflicts of interest, ownership, open membership criteria, resale limitations and dissolution.
- A tri-partite board of directors comprised of one-third community members, one-third land trust residents (when available), and one-third local stakeholders and experts – or an equivalent structure that balances community control with additional expertise. Please provide an org chart that has a board of directors and how many total seats.
- Established Stewardship Standards that include an administrative manual, electronic information tracking and management system for program data, sales and loan closings, maintenance and repair funds, and resale value.
- Sample Warranty Deed or comparable
- Ground Lease to protect affordability based on the National CLT 2011 Ground Lease
- Applicants with three (3) active existing construction/subsidy awards for projects from the Affordable
- Housing Trust are not eligible.
For more information, visit BCDHCD.
