The Hennepin County has announced a Request for Proposals for Affordable Housing Incentive Fund (AHIF).
Donor Name: Hennepin County Government
County: Hennepin County (MN)
Type of Grant: Grant
The Affordable Housing Incentive Fund (AHIF) program funds the development of affordable housing units for very low-income households. Financial assistance is provided to municipalities, other government and nonprofit agencies, private and nonprofit housing developers and other lenders in supporting the creation or preservation of long-term affordable housing countywide, typically in the form of a deferred low-interest loan. Affordable Housing Incentive Fund operates under the Hennepin County Housing and Redevelopment Authority (HCHRA) Board of Commissioners.
AHIF loans are used for a variety of housing activities, including:
- New construction, substantial and moderate rehabilitation, and preservation
Housing activities can serve families, individuals, seniors and special needs populations. Type, terms and conditions of the AHIF financing will vary depending on the availability of funding resources and the proposed activity.
Applicants may include government agencies, nonprofit organizations, housing developers or lenders.
For more information, visit Hennepin County Government.