The MOHCD is conducting an open RFP process for funds made available through the SoMa Community Stabilization Fund. This open and competitive process is utilized throughout the City for the allocation of public funds.
Donor Name: Mayor’s Office of Housing and Community Development
State: California
Neighborhood: SoMa
Type of Grant: Grant
Deadline: 09/23/2022
Size of the Grant: $125,000
Grant Duration: 3 years
Details:
The SoMa Community Stabilization Fund provides community stabilization benefits to prevent displacement of existing residents and businesses in SoMa, including assistance for: affordable housing and community asset building, small business rental assistance, development of new affordable homes for rental units for low income households, rental subsidies for low income households, down payment assistance for home ownership for low income households, eviction prevention, employment development and capacity building for SoMa residents, job growth and job placement, small business assistance, leadership development, community cohesion, civic participation, and community based programs and economic development.
Funding Information
- Term: 1/1/2023 -12/31/2026
- Total Funding Available: $500,000 ($125,000 annually)
Eligibility Criteria
All applicants must meet all the following eligibility requirements to be considered for MOHCD funding.
- Proposed projects must be located within the boundaries of SoMa and serve SoMa residents and/or businesses.
- Applicants must be a community-based agency that is non-profit and tax-exempt under Section 501(c)(3) of the Internal Revenue Code or apply under a valid fiscal sponsor.
- Organizations receiving a grant from this RFP must be approved City suppliers or have started the process of becoming a City Supplier at time of proposal submission.
- MOHCD contracts are administered on a cost reimbursement basis. Grantees are reimbursed after invoicing for expenses incurred.
- Recipients of San Francisco Community Investment Fund tax dollars may not apply for funds that would support service requirements of their new market tax credit awards.
- No City agencies or departments may apply for funding under this RFP.
- Additional requirements may be detailed under each funding opportunity description on pp. 5-8.
For more information, visit MOHCD.