Housing Trust Fund Program
This funding opportunity is designed to support organizations in Beltrami County that provide housing solutions, including construction, rehabilitation, and supportive services, to improve the availability and affordability of safe housing for low to moderate-income families and individuals.
Description
The Housing Trust Fund Program, administered by the United Way of Bemidji Area in partnership with Beltrami County, invites proposals from qualified organizations to address housing needs within the community. This initiative aims to enhance the availability, affordability, and accessibility of housing for individuals and families residing in Beltrami County, Minnesota. The program is designed to support a range of housing solutions, with funding available from $10,000 to $100,000. The deadline for submission of proposals is October 31, 2024.
The primary purpose of the Housing Trust Fund Program is to support projects that create safe, decent, and sanitary housing that complies with local building codes. The program encourages innovative approaches to housing challenges and emphasizes sustainability in project planning. Proposals may include construction, rehabilitation, or acquisition of housing units, as well as supportive services aimed at promoting housing stability and self-sufficiency for residents.
Funding through this program can be allocated for various purposes, including capital costs associated with construction or rehabilitation, supportive services such as rental assistance and case management, and operational expenses related to the management of housing properties. Additionally, proposals should include sustainability plans that outline strategies for long-term funding and community engagement. The program prioritizes projects that serve very low-income, low-income, or moderate-income households and encourages collaboration with local stakeholders.
To be eligible for funding, organizations must be legally recognized entities, such as non-profit organizations, community development corporations, housing authorities, or government agencies. For-profit entities may also apply if their proposals demonstrate a clear public benefit. Applicants must have a proven track record in developing housing projects, demonstrate financial stability, and comply with all relevant laws and regulations. Preference will be given to projects that promote fair housing practices and demonstrate collaboration with community stakeholders.
Submission requirements include evidence of financial stability, such as audited financial statements and budgets, as well as a bank reference letter for building projects. Proposals must be located within Beltrami County, with a preference for those situated near transportation and essential resources. The evaluation criteria will consider the project's impact, sustainability, and the applicant's experience and collaboration efforts.
The timeline for this grant opportunity includes a submission deadline of October 31, 2024. Organizations interested in applying should prepare their proposals in advance to ensure compliance with all requirements. For further details and updates, applicants can visit the United Way of Bemidji Area's website. This program represents a significant opportunity for organizations committed to improving housing solutions in Beltrami County.