NOFA - Funding Available for Housing Nonprofits
CAHEC is now accepting applications for the tenth annual Open Doors Homeownership Grant. CAHEC created the Open Doors Homeownership Grant specifically for nonprofit organizations engaged in developing affordable housing for sale to low-income households throughout the Southeast. CAHEC designed the Open Doors Homeownership Grant to supplement the costs often not listed in a development budget. Eligible expenses include, but are not limited to, training, travel, marketing, and consultants.
As many as five grants of $10,000 each are available. Applications are scored in a competitive review process, and funding is awarded based on the quality of the proposals. Applications must be postmarked by July 31, 2013, to qualify. To learn more about the grant, please visit www.cahec.com where you can also download a copy of the application and read about last year’s recipients.
Affordable Housing Management Announces Resident Education and Enrichment Fund Program an Initial Success
GREENSBORO, NC-Affordable Housing Management, Inc., (“AHM”) is pleased to announce its new Resident Education and Enrichment Fund (REEF) to assist residents living in AHM apartment communities is proving to be a success. In late April, AHM announced a reworked program to grant residents up to $500 per household, for education to enhance their employability. Partnering with the Community Foundation of Greater Greensboro, AHM’s Board of Directors had set up a $50,000 fund, with an additional $5,000 CFGG grant to create the fund over a year ago, but due to the initial program structure and requirements developed, the program did not take off.
AHM’s Board of Directors decided the fund needed to be amended in order for it to work. AHM staff collaborated with CFGG staff, reformatted the program, created new guidelines and simplified the application process. The program kicked off in April with resident meetings and mailings. In the first month of the program, fifteen applications were approved.
According to AHM’s Executive Director, David Levy, “The goal for this program is for it to be an easy process for AHM’s residents to apply so that it encourages them to seek out educational opportunities that will boost their job opportunities.” Awards have been granted to residents enrolled or enrolling at NC A&T, GTCC, Brookstone College, WSSU, and Phoenix University, among others.
“The Resident Education and Enrichment Fund is an important and unique opportunity for helping Greensboro citizens achieve their employment objectives,” said Walker Sanders, the president of The Community Foundation of Greater Greensboro. “Over the past year, the Foundation, with our task forces, has been heavily immersed in examining ways our community can improve our local economy and job opportunities. The purpose of this fund is a terrific complement to these efforts. By working together, we can truly make a difference. We are honored and proud to have this AHM fund at The Community Foundation, and we encourage people to support it.” Donations to the fund are accepted through CFGG and at their website.
AHM is a 43 year old private nonprofit that develops and manages apartment communities throughout Greensboro and the surrounding area. Through development and management, AHM accomplishes its mission to tear down barriers, lower cost, and increase opportunities for quality affordable rental housing for low to moderate income households, including the elderly and disabled. AHM is located at 330 South Greene Street, Suite B-11. For more information on AHM, call 336-273-0568, ext. 126, email firstname.lastname@example.org or visit www.ahmi.org.
The Cape Fear Council of Governments is soliciting proposals from qualified consulting firms or teams to produce a Regional Analysis of Impediments
The Regional Analysis of Impediments provides an opportunity for diverse stakeholders to develop a shared picture of the housing and infrastructure dynamics which enhance or limit opportunity. A primary component of the RAI includes the formation of housing planning that serves a growing population and market, while advancing the general welfare of all the residents within the Wilmington MSA region plus Brunswick County.
If interested in submitting a proposal please see click here for further details.
New NLIHC report: Housing Spotlight: America’s Affordable Housing Shortage, and How to End It
There were over 10 million renter households with incomes at or below 30% of the area median income in 2011. For these extremely low income families, there were only 3 million affordable and available homes. The National Housing Trust Fund could help end this shortage of over 7 million affordable homes.
These are among some of the findings in NLIHC's new report, Housing Spotlight: America’s Affordable Housing Shortage, and How to End It.
The report provides an in-depth
analysis of the growing gap between the number of low income renters and the
number of units that are affordable and available to them. This analysis of the
2011 American Community Survey shows that for every 100 extremely low income
families, there are only 30 affordable and available rental homes.
Click here to download Housing Spotlight: America’s Affordable Housing Shortage, and How to End It.
New resources on lifecycle underwriting - test the viability of your properties over a 50-year lifecycle
The National Housing Conference and Center for Housing Policy are pleased to announce a suite of materials exploring lifecycle underwriting -- a new way of thinking about the costs of affordable multifamily rental housing.
Rather than looking simply at the initial costs to develop a property and the ability of a property to remain financially viable for an initial 10- to 20-year period, lifecycle underwriting examines whether a property's finances are sufficient to cover the expected costs of maintaining the property over its full lifecycle, which can be as long as 50 years.
The new materials describe the principles behind lifecycle underwriting, the practical and policy implications of this new approach, and the results of a research study applying this methodology to compare the costs of two methods of producing multifamily affordable housing: new construction and acquisition-rehab. The materials also include a free online tool that enables users to apply lifecycle underwriting to their own properties.
The materials include:
- L-Cycle: The Lifecycle Cost Modeling Tool. This free tool enables users to estimate whether a property is likely to have sufficient funds to meet expected capital needs over a full 50-year lifecycle. Users can input basic property characteristics and obtain an estimate of when the property's reserves are likely to show a deficiency under different scenarios, as well as how much in additional funding would be needed to remain viable over a 50-year period.
- Comparing the Costs of New Construction and Acquisition-Rehab In Affordable Multifamily Rental Housing. This research working paper uses the lifecycle cost methodology to compare the total cost of developing and maintaining affordable multifamily rental housing over a 50-year period using either acquisition-rehab or new construction. Our analysis of a convenience sample of more than 200 properties found that, all else equal, new construction added approximately $40,000 to $71,000 (25 to 45 percent) per-unit to the lifecycle costs.
- Lifecycle Underwriting: Potential Policy and Practical Implications. This policy working paper explores the policy and practical implications of lifecycle underwriting and opens up a debate about the trade-offs of financing properties for a 50-year viability period, rather than the more typical 15-year time frame.
- The Lifecycle Cost Adjustment Methodology: An Exploration of the Baseline and Alternative Assumptions. This technical working paper describes the lifecycle cost adjustment methodology in greater detail.
The new materials, available at www.nhc.org/lcycle, were produced by the Center for Housing Policy in partnership with Compass Working Capital and Summit Consulting. The National Housing Conference collaborated with the team on the policy implications paper.
Non-Profit Governance and Management: Rules, Roles and Responsibilities
Attorney Evan Lewis and Darryl Lester, Non-Profit Organizational Development Consultant, will be the presenters in this series. Join them as they discuss how to promote effective nonprofit governance by understanding both public interest and legal responsibilities.
Each session will take place from 6:00 pm - 7:30 pm
- February 25, 2013 The Board’s Role: Fund Development & Financial Support
- March 25, 2013 Stewarding the Organization’s Resources
- April 22, 2013 Managing Crises and Transitions
- June 24, 2013 A Conversation with NC Grant Makers and Philanthropic Organizations
- June 24, 2013 Final Remarks and Distribution of Certificates of Attendance
Technology Assisted Legal Instruction and Services talias.law.nccu.edu
Using HD video conferencing, claimants will be able to participate in the forum at:
- Elizabeth City State University, Fayetteville State University North Carolina A&T State University, and Winston Salem State University
- Pisgah Legal Services (Rhonda Brown at 828-210-3442)
- Legal Aid of North Carolina Offices www.legalaidnc.org
NCCU School of Law-Turner Law Building Registration is required contact Jaron Barbee at 919-530-6601 or email@example.com
2013 Application List
The list of submitted full applications for the 2013 Housing Credit cycle can now be found on our web site at:
Partnering Landlord Information
The Community Empowerment Fund (CEF) and Housing for New Hope’s programs are of special interest to landlords because of the valuable housing and budget services we provide. We not only help you find tenants for your units, but also to maintain long-term, successful tenants.
Becoming a partnering landlord does not in any way obligate you to use our service, but only confirms that you are open to working with CEF and Housing for New Hope. By becoming a partnering landlord, you can contact us when you have an unoccupied unit to fill or when you have a tenant who needs budget counseling services in order to keep the rent paid.
Why become a partnering landlord?
- Receive rent payments on time
- Recruit successful tenants
- Reduce turnover costs
- Advertise with us
- Have an agency to call with tenant concerns
What We Offer
- Our tenants agree to participate in a “protective payee” service, called Peace of Mind Accounts, which allow our tenants to ensure monthly rent and utilities are paid on time with automatic bill pay services
- CEF works alongside tenants to create budgets and open savings accounts that can keep tenants paying on time, even in case of emergencies
- Housing for New Hope prescreens applicants to make sure that all of our tenants have adequate income and access to services in order to be successful, long-term tenants
- We are someone you can call, and we will do everything in our control to guarantee that our tenants will be the best possible
Invest in your community and become a partner in ending homelessness.
Community Empowerment Fund
Housing for New Hope