Open Doors Homeownership Grant
CAHEC offers the Open Doors Homeownership Grant to nonprofit organizations, with tax-exempt status under section 501(c)(3) of the Internal Revenue Code, engaged in developing affordable housing for sale to low-income households living in areas CAHEC serves. Because nonprofit developers often incur expenses not included in developmental budgets, CAHEC designed this annual grant to supplement the costs associated with developing housing for sale to low-income households. Eligible expenses include, but are not limited to, training, travel, marketing, and consultants. Developmental expenses an organization may incur due to receiving an Open Doors Homeownership Grant are the responsibility of the grantee.
To be eligible for consideration, an affordable housing development must be located within CAHEC’s footprint of Alabama, Florida, Georgia, Kentucky, Maryland, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, Washington D.C., or West Virginia. CAHEC accepts applications annually from February 15 to July 31. Eligible applications are scored via a competitive review process and awarded upon the impact and quality of the proposals. For 2017, CAHEC is offering three grants: one at $25,000, one at $15,000, and one at $10,000.
- Habitat for Humanity of Lake-Sumter, Florida – $25,000
The Villages, Florida
- The Housing Partnership, Inc. – $15,000
- Rutherford County Area Habitat for Humanity – $10,000
Organizations receiving an Open Doors Homeownership Grant are required to sign a Grant Agreement. Grantees agree to acknowledge CAHEC as the grantor and CAHEC’s role of financial assistance toward a specific project when appropriate. Examples include listing CAHEC as a contributor in the organization’s newsletter or annual report, posting news about the grant on the organization’s website, including CAHEC’s logo on construction site signs, etc. Grant funds must be fully executed within 24 months of receipt. Organizations awarded a grant are not eligible to reapply for the Open Doors Homeownership Grant until two additional awarding years have passed. For example, an organization awarded the grant in 2016 would not be eligible to reapply until 2019.
The 2017 Open Doors Homeownership Grant application in now available! Please revisit our portal to complete the online application before July 31, 2017.