The City of Austin is offering grants to help Community Development Corporations (CDCs) build their capacity to develop community-based approaches to mitigating displacement and to increase the availability of affordable housing to alleviate pressures that prompt residents to move out of the city.
The grants are being awarded through the Austin Housing Finance Corporation (AHFC) with amounts ranging from $5,000 to $50,000 spent over 12 months. Awards will be made in Spring 2020.
The initiative will help neighborhoods experiencing displacement, or are at risk of displacement, to develop capacities and programs to address affordable housing and amenities specific to their neighborhoods. This level of capacity building aligns with Austin City Council’s Strategic Direction 2023 priorities for addressing economic opportunity and affordability.
To be eligible, applicants must:
Apply under their own 501(c)(3) non-profit designation or under the fiscal sponsorship of another organization’s 501(c)(3) status.
Include affordable housing activities—defined as preservation, production or expansion of income-restricted affordable housing—in their mission and/or strategic plan. These activities should be focused on stabilizing communities; mitigating displacement; and improving the stability, affordability, and quality of housing, including place-based housing interventions.
Applicant organizations may also be involved in a broader range of local community services (i.e., education, job training, healthcare services, commercial development, etc.)
For-profit developers or organizations that own and/or manage more than 250 affordable housing units ARE NOT eligible for this grant.
To answer questions and provide guidance on the applications, a non-mandatory pre-submittal meeting will be held at 3:30 p.m. on Wednesday, December 18, 2019 at the AHFC offices, 1000 East 11th Street, Suite 400A.
Applications must be completed on the link prior to 3 pm on January 16, 2020 to be considered for evaluation and funding.
Applications received will be reviewed and scored on a competitive basis. To be considered, applications must be complete, contain all the required documentation and meet the minimum threshold criteria as stated in the application. Applications will be evaluated by a panel comprised of AHFC staff and subject matter experts based on the strength of the applicant’s plan to shift their organization from one level to another in the Capacity Levels Framework to build, manage, preserve and maintain affordable housing with particular attention to the needs of low-income people who are vulnerable to displacement (see application link for more details).
AHFC reserves the right to waive any minor informality in any application or solicitation procedure (a minor informality being one that does not affect the competitiveness of the application).