The Ramsey County Housing and Redevelopment Authority (“County”) is accepting applications for the 2024 Ramsey County Emerging and Diverse Developers Solicitation (“Solicitation”) for eligible developments located within the boundaries of Ramsey County.
Donor Name: Ramsey County
State: Minnesota
County: Ramsey County (MN)
Type of Grant: Grant
Deadline: 10/31/2024
Size of the Grant: Not Available
Grant Duration: Grant Duration Not Mentioned
Details:
Ramsey County offers one-on-one technical assistance and cohort group learning to emerging and diverse developers interested in affordable housing development, in partnership with NEOO Partners and Baker Tilly. Investing in emerging and diverse developers and providing them with opportunities that promote growth and learning will help shape the future of housing development and create vibrant communities that inspire and empower.
Program participants can expect:
- Mentorship from industry experts.
- Tailored educational training.
- Opportunities to network.
- Access to funding resources.
Program Goals
Ramsey County aims to address racial barriers in real estate, providing emerging and diverse developers with a fair and equal opportunity to thrive in the early stages of the development process. To achieve this goal, Ramsey County seeks to:
- Create an inclusive space where innovative ideas can flourish.
- Cultivate an environment that encourages collaboration, mentorship and the exploration of fresh perspectives and ideas.
- Celebrate commitment to making a positive impact on the local housing industry.
Eligible Housing Type and Projects (Pass/Fail)
- Permanent general occupancy rental housing for low to moderate-income renters with a minimum of two units; OR,
- The new construction of owner-occupied housing for low-to-moderate income homeownership. (The acquisition and resale of an existing owner-occupied home is not an eligible use.); AND/OR
- Pre-development activities for the development of permanent housing for low-to-moderate income residents that result in “soft costs” for professional services.
Eligible Soft Costs
- Architectural fees.
- Engineering fees.
- Consulting fees.
- Environmental assessments.
- Legal Consulting.
- Market analysis.
- Administrative costs for loan commitments.
- Zoning approvals and land-use application fees.
- Permitting fees.
Program Eligibility
- The program is available to individuals or entities interested in affordable housing development or who have owned and/or developed no more than 25 housing units or 15,000 sq. ft. of commercial space in Minnesota in the last 10 years as a sole proprietor or under other business entities.
- An attestation form must be signed which should list any projects that a participant of the program has owned or been affiliated with.
For more information, visit Ramsey County.
