This funding opportunity supports Local Housing Trust Funds to increase affordable housing supply for low- and moderate-income households. Grants provide low-interest construction and permanent financing loans for affordable rental housing, emergency shelters, transitional and supportive housing, homebuyer projects, and accessory dwelling units. Funds require matching contributions and must allocate resources to extremely low-, lower-, and moderate-income households with specific income restrictions. Administrative costs are limited to 5%.
Eligible applicants include Local Housing Trust Funds established by cities, counties, Native American Tribes, and incorporated 501(c)(3) nonprofit organizations. Public agencies and tribal governments are also eligible. Matching funds of 50% from dedicated sources are required.
