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.
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 mid-February to July 31.
Eligible applications are scored via a competitive review process and awarded upon the impact and quality of the proposals. For 2020, CAHEC will offer three grants: one at $25,000, one at $15,000, and one at $10,000.View Guidelines
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.
Applications for CAHEC’s 2020 Open Doors Homeownership Grant are now closed. Applications must have been submitted by July 31, 2020 to be considered.