Home Depot Foundation Veteran Housing Grants Program - Accepting applications

Home Depot Foundation

Program:  Housing, Shelter
State:  National
Maximum Grant:  $500,000
Deadline:  February 24, 2016

The Home Depot Foundation (THDF) is accepting applications to the Veteran Housing Grants Program. This program awards grants to nonprofit organizations for the development and repair of veterans housing. Awards typically range from $100,000 to $500,000.

Eligible Projects:
* New construction, rehab or repair, single family or multifamily, permanent supportive housing or transitional housing.
* Grants are awarded solely for the physical construction or repair of housing for veterans (hard costs). THDF does not provide funding for soft costs, such as furnishings, rental subsidies, tenant services, etc.
* Target population of veterans, at or below 80% AMI.
* Projects in which at least 20% of the units are reserved for veterans.
* All veterans served are honorably discharged.
* Project will commence within the next twelve months.
* THDF grant funding must comprise less than 50% of the total development cost of the project.
* 75% of the project's funding sources have been identified at the time of proposal submission.
* The amount of funding requested does not exceed $25,000 per veteran unit.
* For multifamily rental projects, proposals requesting above $100,000 must provide evidence of a third party binding agreement that ensures the units are a.) reserved for veterans; b.) occupied by veterans for a minimum of 15 years for rental or 3 years for homeownership ( i.e. project-based HUDVASH, other funder requirement, deed restriction, zoning requirement, etc.).

Eligible Applicants:
* Grants are only awarded to 501(c)3 nonprofit organizations that have been in good standing with the Internal Revenue Service for at least 5 years.
* Organizations with a current operating budget of at least $300,000 and audited financial statements from the past three years.
* Organizations with previous experience developing, and either currently manage or own, veteran specific housing.
* For rental projects, nonprofit must have a 15+ year ownership stake in the development.

Preferred Project Criteria:
* Projects which serve the housing needs of women veterans with children, Post 9/11 wounded warriors, veterans with caregivers, homeless veterans, or aging in place for senior veterans.
* Projects which combine addressing the housing needs of veterans with supportive services or opportunities for community service activities.
* Projects with a funding request between $15,000 and $25,000 per veteran unit.
* Projects located in urban/major metropolitan areas.
* Projects with a mix of local private/public financial support as well as a mix of local, city, state, federal and private funding.
* Proposals which clearly demonstrate how organization will track and report outcomes.
* Proposals which clearly demonstrate how organization will locate and identify veterans.
* Organizations willing to provide volunteer opportunities for local Home Depot store associates.

* Multi-family developments which;
o Have a substantial track record in developing and managing housing projects for veterans as well as providing services to veterans.
o Have site control.

* Single Family New Construction projects which;
o Have a track record in developing, gifting and selling housing to veterans.
o Have site control of the lots.
o Veterans have been identified and qualified.

* Single Family Home Repair projects which;
o Have a track record of identifying and managing critical repairs on a veteran's home.
o A waitlist of veterans exists.

All applicants will first complete a questionnaire to determine their eligibility to receive funding through this program. If the project is eligible, applicants will be directed to submit a Grant Proposal for consideration by THDF.

Kathleen E. Freeman
Manager, Housing and Community Development
Solutions for Health | Housing | Land
207-582-2424 direct
207-441-8882 cell
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