Bank of America's local grant making program typically falls into four generic categories: Community Development, Education, Health and Human Services, and Arts and Culture. Under the Community Development initiative, an emphasis is placed on affordable housing, workforce development, and neighborhood revitalization. Tax-exempt organizations under section 501(c)(3) of the Internal Revenue Code, based and serving communities in Bank of America's markets are eligible to apply. Application deadline: open.
State Farm makes Company Grants in three areas: Safe Neighbors (safety), Strong Neighborhoods (community development, affordable housing), and Education Excellence (K-12 education). Grant requests for local initiatives are considered by State Farm field offices. Each office determines the types of grants it will fund, based on available funding. Eligible organizations are nonprofit, tax-exempt organizations under Section 501(c)(3) of the U.S. Internal Revenue Code, Canadian charitable organizations, educational institutions, and governmental entities. One proposal per organization per year will be considered if it meets the guidelines outlined. Application deadline: open.
The Emergency Financial Assistance for Housing Program (EFAHP) provides a one-time payment of up to $400 to families who are totally without shelter or face the loss of shelter because of non-payment of rent or mortgage. It also helps those families who have had household disasters such as fire, flood, or other accidents. In order to qualify the household must have at least one child under the age of 18; the household must live in Florida, or be working or looking for work in Florida; at least one child or caretaker in the home must be a U. S. citizen or legal resident; must have proof of your housing emergency; do not have enough money in your checking/savings accounts, or the cash to pay your rent or mortgage; total household income compared to the State of Florida's need standard to decide whether the household is eligible; all income received during the application month is considered, except for those household members who receive Social Security Insurance; it must be due to a real emergency, and not from mishandling your money; and must provide proof of present living address. Please call toll-free at 1-877-891-6445 (or in Tallahassee at (850) 488-3700) if you have any questions.
The Florida Housing Finance Corporation has announced its intent to provide an approximate amount of $8,000,000 for qualified mortgage loans for homebuyer assistance under the Florida Home Ownership Assistance Program (HAP). HAP funds will be made available to qualified persons in conjunction with the Corporation's Single Family Mortgage Revenue Bond Program (SFMRB). Access to these funds will be made available through Participating Lenders that have been selected to originate first mortgages under the Corporation's SFMRB Program through an application process. Participating lending institutions will make these loans available on a first-come, first-served basis to eligible first-time home buyers qualifying for a first mortgage under the Corporation's SFMRB Program. Eligible applicants are any home mortgage lending institution that is: a qualified FHA - approved mortgagee; VA-approved lender; an USDA/RD approved lender; or a Fannie Mae and/or Freddie Mac approved lender, in good standing. Applicants interested in receiving an Invitation and Application to Participate should contact the Corporation by telephone at (850) 488-4197, by Fax at (850) 922-7253, or in writing: 227 North Bronough Street, Suite 5000, Tallahassee, Florida 32301-1329. Questions, concerns, and/or requests for more information should be directed to Frances Pheeny, Single Family Programs Administrator at (850) 488-4197.
The U.S. HUD's Good Neighbor Next Door (GNND) Sales Program aims at strengthening, improving public safety, and improving the quality of life in distressed urban neighborhoods or revitalization areas by providing homeownership assistance to law enforcement professionals, firefighters, EMTs, and teachers. The program is comprised of 3 sub-programs: Officer Next Door, Firefighter & Emergency Medical Technician Next Door, and Teacher Next Door. All three programs allow eligible participants to purchase a HUD owned single family home, townhouse, or condominium in a HUD designated Revitalization Area at a 50% discount. Applying for an FHA-insured mortgage will allow participants to finance all closing costs with a single down payment of $100. An FHA 203 (k) rehabilitation mortgage enables participants to purchase the home and rehabilitate it with the necessary repairs. All participants must fulfill a three-year occupancy requirement. Application deadline: open.
Green Communities is a five-year, $555 million initiative to build more than 8,500 environmentally healthy homes for low-income families. Created by Enterprise in partnership with the Natural Resources Defense Council, Green Communities will transform the way America thinks about, designs, and builds affordable communities. The initiative provides grants, financing, tax-credit equity, and technical assistance to developers who meet Green Communities Criteria for affordable housing that promotes health, conserves energy and natural resources, and provides easy access to jobs, schools, and services. Eligible applicants include: 501(c)(3) nonprofits; public housing authorities; tribally designated housing entities; for-profit entities; and for-profit entities participating through joint ventures with qualified organizations. Application deadline: open.
The Home Depot Foundation, through the Affordable Housing Built Responsibly Grant Program, administers funding to nonprofit organizations whose missions align with the foundation's interests in supporting the production and preservation of affordable, efficient, and healthy housing. The foundation makes grants to 501(c)(3) tax-exempt public charities in the United States and to charitable organizations in Canada. To better support its mission, the Home Depot Foundation awards most of its grants by directly soliciting proposals from high-performing nonprofit organizations with demonstrated ability to create strong partnerships, impact multiple communities, and leverage grant resources. In order to identify potential future nonprofit partners or respond to unique community revitalization opportunities, a limited amount of unsolicited grant funding is set aside to be awarded through a competitive process. Preference is given to proposals that encourage community involvement and result in the production, preservation, or financing of housing units for low to moderate income families. The most promising proposals will incorporate a number of "green" building design practices. Also, in 2009, preference will be given to proposals that clearly demonstrate how urban forestry strategies will be utilized to create healthier, more vibrant communities. The foundation makes Affordable Housing Built Responsibly grant decisions three times per year and grants typically range from $50,000 to $125,000 each. Letters of inquiry are due on March 1, 2009; and July 1, 2009. The foundation will consider only one proposal from the same organization per calendar year.
The Florida Housing Finance Corporation has published on the Florida Administrative Weekly (p.13) its intention to provide up to $250,000 for qualified mortgage loans for down payment and closing costs assistance under the Homeownership Assistance for Moderate Income Loan Program (HAMI). HAMI Loans will be made available to moderate income persons in conjunction with the Corporation's Single Family Mortgage Revenue Bond Program (SFMRB). All HAMI Loans will be fully amortized second mortgage loans up to $5,000 at a fixed interest rate not to exceed 10.00%, over a 10-year term. Loans will provide financing for owner-occupied residences in any county in the State of Florida, subject to the participation of qualified lending institutions and the counties they elect to serve. Any home mortgage lending institution that is a qualified FHA - approved mortgagee, a VA-approved lender, or an USDA/RD approved lender or with respect to Conventional Mortgage loans, is a Fannie Mae and/or Freddie Mac approved lender in good standing, interested in participating should contact the Corporation by telephone at (850)488-4197, by Fax at (850)922-7253, or in writing: 227 North Bronough Street, Suite 5000, Tallahassee, Florida 32301-1329. Any questions or concerns regarding the proposed issuance of bonds should be directed to Frances Pheeny, Single Family Programs Administrator at (850) 488-4197.
Link to Administrative Weekly
The HOPE for Homeowners (H4H) program was created by Congress to help those at risk of default and foreclosure refinance into more affordable, sustainable loans. H4H is an additional mortgage option designed to keep borrowers in their homes. The program is effective from October 1, 2008 to September 30, 2011. As many as 400,000 homeowners could avoid foreclosure through this program over the next three years. If you are having trouble making your mortgage payments, HOPE for Homeowners may be able to help you, by refinancing your loan into a new 30-year fixed-rate loan with lower payments. Homeowners must contact their existing lender and/or a new lender to discuss how they may qualify for the H4H program.
The Miami-Dade County is now offering housing assistance grants to eligible residents. The Housing Assistance Grant Program can assist eligible residents with: Relocation costs; Moving expenses; Utility deposits; and Emergency housing assistance. Call 786-331-5383 or visit the nearest Neighborhood Service Center (see flyer) for program information and assistance. A trained social worker will conduct a needs assessment and verify income when determining eligibility and grant award amount.
The SRL Program provides funding to reduce or eliminate the long-term risk of flood damage to severe repetitive loss structures insured under the National Flood Insurance Program (NFIP). Participation in this program is voluntary. However, the SRL program differs from FEMA’s other mitigation grant programs in that those property owners who decline offers of mitigation assistance will be subject to increases to their insurance premium rates. Eligible applicants: State governments, County governments, City or township governments, Native American tribal governments (Federally recognized). Total program funding: $160,000,000. Application deadline: December 31, 2010.
The John D. and Catherine T. MacArthur Foundation's Window of Opportunity: Preserving Affordable Rental Housing program's immediate goal is to help large nonprofit housing organizations purchase and maintain 100,000 units of existing, affordable rental housing that might otherwise deteriorate or become too expensive for low- and moderate-income households. $35 million will be available in the form of grants and low-cost loans to national and regional nonprofit organizations that own and operate large rental housing portfolios across the country. Another $10 million in low-cost loans will help specialized lending intermediaries finance transactions for these and other nonprofit owners across the country. An additional $5 million in grants will support research, policy analysis, and public education to improve understanding of the pressures on the supply of affordable rental housing and strategies to address them. Up to ten projects will be supported. Letter of Inquiry is required. Application deadline: open.
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