tapping into other funding sources
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Tapping Into Other Funding Sources. A Presentation for NCDA’s 2013 Winter Conference Washington, DC January 30 – February 1, 2013. Strategies: Who Gets Funded?. City or Community Development Agency applies directly for the funding - PowerPoint PPT PresentationTRANSCRIPT
Tapping Into Other Funding Sources
A Presentation for NCDA’s 2013 Winter Conference
Washington, DCJanuary 30 – February 1, 2013
Strategies: Who Gets Funded?
• City or Community Development Agency applies directly for the funding
• Steer funding to non-profit project or program sponsors carrying out priority projects
• Assisting non-profits to secure other resources to reduce dependence on CDBG
• Tapping in-kind resources such as colleges & universities
• Building capacity of non-profits and other partners
HUD Resources for City or CD Agency
• CDBG or HOME Program Income• Section 108 Loan Guarantee (interest rate
spread, can repay 10 – 20 yr. loan with repayments from 3rd party borrower, CDBG funds or City general revenue).
• Lead Hazard Control or Lead Hazard Reduction Demonstration grants
• Continuum of Care Homeless grants• Additional HOME and ESG funds from your state
Other Resources for City or CD Agency
• EPA Brownfields Assessment, Cleanup and Revolving Loan Funds
• City general fund (esp. for personnel)• Housing Trusts, Impact Fees, Inclusionary
Development (Boston’s Linkage, IDP cash out)• Surplus Property Fund (Boston’s Leading the
Way fund)• Municipal Housing Bonds
Resources for Non-Profit Project Sponsors
Steering funds to non-profit partners, especially for high projects and programs • HUD Section 202/811 (rental assistance only, no capital
grants).• HHS/OCS Community Economic Development Grants and
Healthy Food Financing Initiative• HUD Housing Counseling Grants (local HCAs can apply for
up to $210K, average grant is $45K. Must be certified.• US Treasury CDFI Fund and Healthy Food Financing
Initiative. Applicants must be certified
Resources for For-Profit Project Sponsors
• Low Income Housing Tax Credits• New Markets Tax Credits• Historic Preservation Tax Credits• SBA loans
More Resources for Project Sponsors
Federal Home Loan Bank through a participating member bank)• Affordable Housing Program (grants &
advances) See article in current issue of FHLB Results on “Funding Supportive Housing in Boston”
• Community Development Advances
Capacity-building
Main Streets Program• Main Streets Foundation• Corporate Buddies
Mayor’s Office of Intergovernmental Relations• Funding Update for partners• Political support for priority competitive grants
DND Policy Development & Research• Technical assistance with grants – maps, data, application
review
In-Kind Resources
Universities & Colleges• Boston Urban Mechanics interns• Kennedy School Policy Analysis Exercise on
reverse mortgages• Tufts University summer work-study student:
data and report on condo conversions• Suffolk University Law School fellowship: draft
state legislation on tax credits for rehab of foreclosed properties
For More Information:
Robert Gehret, Deputy DirectorPolicy Development & Research DivisionCity of Boston Dept of Neighborhood Development26 Court Street, 8th FloorBoston, MA 02131Phone: 617-635-0242E-mail: [email protected]