Housing

Affordable Housing – FHLB “Forgivable” Loans

posted by admin on Jan 26

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Affordable Housing Program – Federal Home Loan Bank Affordable Housing Program – February 15 – April 15, 2010

The Affordable Housing Program (AHP) is a great opportunity for organizations – like Habitat for Humanity…NeighborWorks…affordable housing entities… to receive gap assistance for low to moderate income homebuyers. The program provides direct grants and subsidized loans to assist in meeting the community’s affordable housing needs.

The AHP Funds must be used to benefit households with incomes at or below 80 percent of the median income for the area…and can be used to pay closing costs or down payments…buy down principal amounts or interest rates…refinance an existing loan (provided that the equity proceeds are used for the development of AHP-eligible housing)…assist with rehabilitation or construction costs…homebuyer education and counseling costs also qualify…the funds are intended for gap financing,
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Posted in Grant Announcements, Housing

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MetLife Foundation

posted by admin on Feb 2

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Metlife Foundation

Category: Arts & Culture, Community Improvement, Education, Health, Housing
Potential Funder MetLife Foundation
Deadline February 26, 2010
Website MetLIfe Foundation Website
Ineligible Private foundations, Religious, fraternal, political, athletic, social or veteran’s organizations,
Eligibility Nonprofits (501c3) are eligible to apply
Criteria Affordable housing, Economic and Skills Development, After-School Initiatives
Past Award Recipients Chamber Education Foundation for e-mentoring ($20,000.00), Food Share, Inc. operating budget ($7,500.00) National Communities in School after school iniatives ($250,000.00)
Grant Award Range Average - $500.00 - $25,000.00

Posted in Arts and Culture, Community Improvement, Education, Housing

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Prudential Foundation

posted by admin on Feb 1

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Prudential Foundation

Category: Education and Economic Development
Potential Funder Prudential Foundation
Deadline Receives and review proposals throughout the year. Grants that exceed $200,000 must be approved by the Board of Trustees, which meets three times a year. Foundation will try to respond to applications within 60 days.
Website website here
Ineligible Veterans, labor, religious, athletic, or fraternal groups—except when these groups provide needed services to the community at large, direct grants or scholarships to individuals, general operating funds for single-disease health groups, and goodwill advertising and fundraising events (such as dinners and walkathons).
Eligibility Nonprofits (501c3) are eligible to apply
Criteria Education emphasis is placed on systemic school reform; improving leadership skills for education stakeholders; increasing parental involvement and community engagement; providing opportunities for arts education and youth development programs. Economic Development initiatives that increase employment opportunities by strengthening job skills, creating jobs through business development, and promoting neighborhood development activities. Programs may involve workforce development and increasing entrepreneurship through training and access to capital. In addition, the Foundation promotes creation of decent, affordable housing.
Past Award Recipients YouthBuild Newark, Inc. NJ to offer job training education, counseling and leadership development to unemployed out of school youth and young adults. $150,000
Grant Award Range $250.00 -

Posted in Arts and Culture, Community Improvement, Economic Empowerment, Education, Housing, Workforce Development

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Wachovia Foundation

posted by admin on Feb 1

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Wachovia Foundation

Category: Private Foundation Community Development - Economic Development
Potential Funder Wachovia Foundation
Deadline no deadline - on-line application
Website website here
Ineligible Individuals, programs of national scope that do not specifically benefit our markets, International organizations, travel or conferences for employees of non-profit organizations, political action committees, political causes, or candidates, books, research papers or articles in professional journals, Veteran, fraternal and alumni organizations, Religious organizations, unless they are engaged in a significant project that is nonsectarian and benefits a broad base in the community, Private foundations, general operating expenses for organizations that already receive substantial support through United Way or united arts drives in which Wachovia participates, sponsorships, events, or projects for which Wachovia and/or its employees receive tangible benefits or privileges, Individual pre-college schools - private, parochial, charter or home schools, Individual schools in public school systems (other than through efforts to benefit system-wide programs and initiatives or as a part of a Wachovia-sponsored partnership program)
Eligibility Nonprofits (501c3) are eligible to apply. The organization should exhibit significant support (through the contribution of time or financial resources) from a Wachovia employee(s). Proposals must target low- to moderate-income individuals or communities to help build inclusive and diverse communities. The program should foster collaborative efforts that leverage community investments
Criteria Primary Focus Areas: -Education and Community Development - Secondary Focus Areas: Health and Human Services, Arts and Culture Have broad community support and be able to demonstrate fiscal and administrative stability – must align program with one or more of the focus areas.
Past Award Recipients Examples of past funded programs: Atlanta Neighborhood Development Partnership, Inc. GA - $100,000.00, Latin American Economic Development Association, Inc. NJ $15,000, Boys and Girls Club Lancaster PA $5,000.00
Grant Award Range $250.- no specific maximum

Posted in Community Improvement, Economic Empowerment, Education, Financial Literacy, Health, Housing

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F.B. Heron Foundation

posted by admin on Feb 1

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F.B.Heron Foundation

Category: Corporate Foundation Economic Empowerment
Potential Funder F.B. Heron Foundation
Deadline There are no formal application deadlines. Staff will review your letter of inquiry and notify you within one week of receipt whether your request is declined or is undergoing review by a program officer, whose name and direct phone number will be supplied to you.
Website website here
Ineligible Does not make grants to endowments, capital construction campaigns, or individuals.
Eligibility Nonprofits (501c3) are eligible to apply.Funds only in selected areas
Criteria Home ownership; Enterprise Development; Child Care; Access to Capital; Comprehensive Community Development
Past Award Recipients Examples of awards by category: (1) Comprehensive Community Development Category: Avenue Community Development Corp - $25,000, Coastal Enterprises, Inc.. $200,000, Community Dev. Corp. of Long Island $50.000. (2) Access to Capital Category – Earned Asset Resource Network, Inc. $50,000 (3) Child Care Category – Kidango, Inc. $50,000. (4) Home Ownership Category – Bridge Housing Corp. $60,000 (5) Enterprise Development Category – Corporation for Enterprise Dev. $125,000, CHARO Community Dev. Corp" $35,000
Grant Award Range First-time Grant Range: $25,000.00 - $50.000.00

Posted in Community Improvement, Economic Empowerment, Financial Literacy, Housing

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Bank of America

posted by admin on Feb 1

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Bank of America

Category: Corporate Foundation Economic Empowerment, Community Development, Education, Health and Human Services, Arts and Culture.
Potential Funder Bank of America
Deadline The majority of our local grant making programs have no deadline; applications are reviewed throughout the year at regularly scheduled local market leadership meetings. Decisions regarding requests are ongoing and with recommendations made by a regional contributions team.
Website website here
Ineligible To apply must have Non-profit Tax ID Number
Eligibility Nonprofits (501c3) are eligible to apply
Criteria Community Development, Education, Health and Human Services, and Arts and Culture. Local Grants for Community Development, National Programs, Community Anchor Institutions and Neighborhood Initiative Projects in 45 listed cities and Associate Committment where employee match of $25.00 to $10.000.00 is made by Bank of America proceeds must be made to a non-profit
Past Award Recipients Complete listing of Recipients. Examples of different categories include: Local Grants have funded affordable housing organizations, arts councils, children’s advocacy groups, local hospice organizations, senior citizen centers, small business incubators, United Way of America, urban ministries and YMCAs. Past National funded partners include United Way of America, Habitat for Humanity International, Special Olympics, American Red Cross, The National Urban League, The National Council of LaRaza, NeighborWorks America. Funded Anchor Institutions examples include - Apollo Theater, New York, New York, Children’s Hospital, Boston, Massachusetts, Cook Children’s Hospital, Fort Worth, Texas, New Jersey Performing Arts Center, Newark, New Jersey, Philadelphia Zoo, Philadelphia, Pennsylvania, University of California, Merced, White Memorial Medical Center, Los Angeles, California
Grant Award Range Depends on the category for application - $250.00 to 1 million

Posted in Arts and Culture, Community Improvement, Education, Financial Literacy, Health, Housing

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