HOME Community Housing Development Organizations (NJ) Grant
State of New Jersey Department of Community Affairs
Funding Amount
Not stated
Deadline
Deadline not published
Grant Type
State
Can we apply?
Check your organization against each line. Taken from the listing; confirm with the funder's guidelines.
Eligible organizations
- This RFP is limited to non-profit, community based developers that are certified as Community Housing Development Organizations by the New Jersey Department of Community Affairs.
- State of New Jersey certified CHDO“Community Housing Development Organizations are nonprofit agencies that meet specific criteria outlined in 24 CFR Part 92, Section 92.300 of the HOME Program’s Final Rule.
- The State of New Jersey requires all nonprofit agencies that want to be eligible for State CHDO funds to be certified as a CHDO by the New Jersey Department of Community Affair, Division of Housing and Community Resources.
Other requirements
- The applicant will have specific experience and/or capacity in:Developing affordable housing.
- Managing affordable housing projects.
- Experience working with the target population.
- Successful relationship with financial institutions.
Not eligible / not funded
- Not eligible: The program supports various project-related costs while excluding ineligible activities like public housing modernization.
- Not eligible: Ineligible activities:Project reserve accountsDevelopment, operations or modernization of public housing.
- Not eligible: Previously funded HOME projects.
- Not eligible: Cannot be combined with State Balanced Housing funds or Low Income Housing Tax Credits (LIHTC) and Special Needs Housing Trust FundProject based rental assistance.
- Not eligible: Pay delinquent taxes, fees or charges
Overview
The HOME Community Housing Development Organizations program in New Jersey aims to provide funding for creating affordable housing units for low-income households. This initiative is targeted at certified non-profit developers with proven experience in affordable housing development and management, ensuring they meet specific criteria set by the New Jersey Department of Community Affairs. The program supports various project-related costs while excluding ineligible activities like public housing modernization.
Purpose
The purpose of this program is to provide funding to support the creation of housing units affordable to households that are low income as defined by the United States Department of Housing and Urban Development.
Eligibility
This RFP is limited to non-profit, community based developers that are certified as Community Housing Development Organizations by the New Jersey Department of Community Affairs.The applicant will have specific experience and/or capacity in:Developing affordable housingManaging affordable housing projectsExperience working with the target populationSuccessful relationship with financial institutionsBe in good standing with the Department of Community Affairs and the State of New JerseyState of New Jersey certified CHDO“Community Housing Development Organizations are nonprofit agencies that meet specific criteria outlined in 24 CFR Part 92, Section 92.300 of the HOME Program’s Final Rule. The State of New Jersey requires all nonprofit agencies that want to be eligible for State CHDO funds to be certified as a CHDO by the New Jersey Department of Community Affair, Division of Housing and Community ResourcesEligible activities: Within the context of developing affordable housing funds can be used for project related capital costs including construction costs, professional fees, financing fees, acquisition and development contingency.
Ineligibility
Ineligible activities:Project reserve accountsDevelopment, operations or modernization of public housingPreviously funded HOME projectsCannot be combined with State Balanced Housing funds or Low Income Housing Tax Credits (LIHTC) and Special Needs Housing Trust FundProject based rental assistancePay delinquent taxes, fees or charges
Focus Areas & Funding Uses
Fields of Work
- Nonprofits
- Affordable housing
- Housing
Categories
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