Grant Proposal for Building Low Income Housing
Grants to build low-income housing are available through city, county and federal agencies. The U.S. Department of Housing and Urban Development, or HUD, provides affordable housing grants to these local governments. Community-based organizations can apply to receive a portion of the funding from these agencies. Some HUD grant programs accepts grant proposals directly from community-based organizations experienced in providing affordable housing to low-income households.
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Population Served
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Your grant application will need to address the population who will benefit from your low-income housing project. Seniors, people with disabilities or homeless individuals are examples of those who may benefit from low-income housing. City agencies that award grant funds will require you to provide housing to low-income citizens within the city limits. Affordable housing developers will typically form a partnership with a nonprofit organization that has experience with serving a particular population.
Scope of Work and Financing
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The grant proposal should describe the project that you are proposing to develop. Grants will award money to acquire or rehabilitate an existing structure, or construct a new one. The proposal should address how you intend to keep the rental housing affordable over time and what kind of supportive services will be offered to the program participants. The proposal should also address what other sources of funding are available to you. Most granting agencies encourage the project developers to obtain other grants or loans to finance the development.
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Project Development Team
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The granting agency will want the project team to demonstrate experience with developing affordable housing and providing services to low-income households. The team leaders will need to include a resume that details their experience. This includes the project manager, any program coordinators, accountant, and other vital staff members. The proposal should detail the number of years each individual has developed low-income housing and what their responsibilities will be in this particular project. The application will ask for a list of the nonprofit's board of directors.
Formatting Your Proposal
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It is important you adhere to the proposal formatting guidelines, since many HUD grants set a page limit for the application. You will also be requested to submit attachments that may include disclosures and other certifications. The awarding agency may request a copy of the organizations by-laws and non-profit status. The project budget should be included, as well as, a two year financial statement. Also be aware of the submission process. HUD requires all grant proposals to be submitted via online unless a waiver has been approved. Other granting agencies may want additional copies to be submitted with the original.
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