The City of Longmont is accepting applications for the Community Development Block Grant (CDBG) Program, HOME Partnerships Investment (HOME) Program, and Affordable Housing Fund (AHF).
Donor Name: City of Longmont
States: Colorado
City: Longmont
Type of Grant: Grant
Deadline: 04/10/2023
Details:
Funding Sources
The Division has three main sources of funding to support the goals and objectives stated in its Consolidated Plan to foster the housing choice and affordability for lower-income residents, neighborhood revitalization, and community development:
- Community Development Block Grant (CDBG) Program funding is used primarily to develop viable communities by providing affordable, decent, safe, and sanitary housing; a suitable living environment; and expanding economic opportunities, principally for low and moderate income people.
- The HOME Partnerships Investment (HOME) Program funding is use to strengthen public-private partnerships to expand the supply of decent, safe, sanitary, and affordable housing for low-income households.
- The Affordable Housing Fund (AHF) funding is locally funded and dedicated to supporting affordable housing projects in Longmont. Funds must be repaid and all repayments deposited back to the Fund to be re-loaned.
Eligible Activities
- CDBG-funded projects must meet one of the National Objectives:
- Principally serve low– and moderate–income persons
- Eliminate slums and blight
- Address recent and urgent health and safety need
- Eligible uses of CDBG funding include:
- Acquisition of real property
- Acquisition, construction, and rehabilitation of public facilities, including infrastructure to support affordable housing projects
- Demolition and clearance of deteriorated buildings
- Public services for low/moderate income people, including employment, crime prevention, child care, health, drug abuse, education, fair housing counseling, energy conservation, welfare, or recreational needs
- Removal of barriers that restrict the mobility of people with disabilities
- Rehabilitation of rental or homeownership housing for low-and moderate-income households
- Rehabilitation of publicly or privately owned commercial or industrial buildings. Funding is limited to exterior work and correction of code violations
- Loans to small businesses that create jobs for low/moderate income people
- HOME funding is for affordable housing activities including:
- New construction of affordable housing, including soft costs and predevelopment
- Rehabilitation of rental housing and/or homeowner housing
- Tenant Based Rental Assistance (TBRA)
- Homeowner Down Payment Assistance Program (DPA)
- Address recent and urgent health and safety need
- The Affordable Housing Fund is for affordable housing activities that support and serve low/moderate-income people and families, including the following:
- New construction of affordable rental and/or for sale housing, which can include related infrastructure and soft costs
- Rehabilitation of rental or for-sale housing that is or will be affordable
- Acquisition of land
- Conversion of market rate housing to affordable housing
For more information, visit City of Longmont.