Funding Amount

Up to $15 million total fund (combination of $5 million in first-loss capital and $10 million in program-related investment capital)

Deadline

Rolling / Open

Grant Type

foundation

Overview

New York Shelter Acquisition and Predevelopment Fund (NYSAPF)

Type: Loan Fund

Description: Provides short-term, below-market loans to nonprofit homeless shelter operators for acquisition and predevelopment of facilities.

    Geographic Scope

  • New York City

    Eligibility

  • Nonprofit homeless shelter operators

    Loan Terms

  • Short-term, below-market loans
  • First loan example: $3.75 million to Urban Resource Institute for 84-unit shelter facility in Harlem

    Funding Structure

  • First-loss capital: $5 million from the City of New York
  • Program-related investment capital: $10 million from philanthropic sources

    Contact

  • Address: 420 Lexington Avenue, Suite 300, New York, NY 10170
  • Phone: (844) 869-7842
  • Email: info@seachangecap.org

Focus Areas & Funding Uses

Fields of Work

homelesssupportive-housingnonprofitshousing

Categories

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