Revitalizing Housing Markets: Funding for Communities in Transition

GrantID: 68569

Grant Funding Amount Low: $151,153

Deadline: October 28, 2024

Grant Amount High: $5,589,914

Grant Application – Apply Here

Summary

This grant may be available to individuals and organizations in that are actively involved in Financial Assistance. To locate more funding opportunities in your field, visit The Grant Portal and search by interest area using the Search Grant tool.

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Awards grants, Community Development & Services grants, Community/Economic Development grants, Education grants, Employment, Labor & Training Workforce grants, Environment grants.

Grant Overview

Revitalizing Housing Markets in Transitioning Communities

Targeted funding is available to support housing developers working to revitalize markets in communities grappling with the economic aftermath of nuclear plant closures. This financial assistance is particularly focused on affordable housing projects and excludes funding for luxury developments or unrelated infrastructure improvements that do not address the immediate housing needs of displaced families.

Real-World Housing Challenges

For example, a local developer may utilize this funding to transform a defunct property into affordable housing units designed for families affected by job losses. This project not only provides essential shelter but also stimulates the local economy through construction jobs and related services. Another initiative may involve renovating existing housing stock to meet sustainable living standards, thereby attracting new residents and revitalizing the neighborhood.

Targeted Applicant Pool

Eligible applicants for this funding comprise housing developers and organizations that prioritize affordable housing solutions and sustainable practices. Projects focused solely on market-rate developments or luxury housing do not align with the fund's intent and should refrain from applying.

Resource Requirements for Successful Applications

Successful proposals should demonstrate concrete plans for collaboration with local governments, outlining how the developments will address community needs while adhering to sustainable practices. Additionally, applicants must provide detailed budgets that cover construction costs, staffing, and long-term maintenance plans to showcase their ability to manage these projects effectively.

Eligible Regions

Interests

Eligible Requirements

Grant Portal - Revitalizing Housing Markets: Funding for Communities in Transition 68569

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