• SSMMA

Grant opportunity: Home Depot Foundation Veteran Housing Program


download

Eligible Projects

New construction, rehab or repair, single family or multifamily, permanent supportive housing or transitional housing. Grants are awarded solely for the physical construction or repair of housing for veterans (hard costs). THDF does not provide funding for soft costs, such as furnishings, rental subsidies, tenant services, etc. Target population of veterans, at or below 80% AMI. Projects in which at least 20% of the units are reserved for veterans. All veterans served are honorably discharged. Project will commence within the next twelve months. THDF grant funding must comprise less than 50% of the total development cost of the project. 75% of the project’s funding sources have been identified at the time of proposal submission. The amount of funding requested does not exceed $25,000 per veteran unit. For multifamily rental projects, proposals requesting above $100,000 must provide evidence of a third party binding agreement that ensures the units are a.) reserved for veterans; b.) occupied by veterans for a minimum of 15 years for rental or 3 years for homeownership ( i.e. project-based HUDVASH, other funder requirement, deed restriction, zoning requirement, etc.).

2016 Cycle   |  Grant Proposal Due Date   |  Final Determinations

1                    10/27/15                             April 2016

2                    2/24/16                               August 2016

3                    6/23/16                                December 2016

Eligible Applicants

Grants are only awarded to 501(c)3 nonprofit organizations that have been in good standing with the Internal Revenue Service for at least 5 years. Organizations with a current operating budget of at least $300,000 and audited financial statements from the past three years. Organizations with previous experience developing, and either currently manage or own, veteran specific housing. For rental projects, nonprofit must have a 15+ year ownership stake in the development.

0 views0 comments