Housing Futures Fund
The Housing Futures Fund (HFF) awards grants, through the Tax Credit Program, to assist community-based nonprofit housing organizations. HFF grants are intended to build the capacity of participating nonprofits to investigate opportunities, secure financing, and test innovative new solutions for area residents.
The HFF provides operational grants and technical assistance to its grantees (nonprofit housing organizations). The operational grant program enables grantees to focus on housing development and educational outreach to individuals and families in need of quality affordable housing. The technical assistance aspect of the HFF program is implemented by the New Hampshire Community Loan Fund. It provides grantees with several areas of assistance including: supplying needed capital and related technical assistance for projects undertaken for which financing from other sources is unavailable, enhancing the grantees technical capacity, and affordable housing advocacy efforts to create a political climate that is user-friendly for nonprofit affordable housing developers.
While CDFA raises the money through the Tax Credit Program, the Housing Futures Fund Advisory Committee, consisting of representatives from for-profit businesses donors, continues to review applications and make recommendations to the CDFA Board of Directors for final approval. Both the donors and grantees benefit from donor participation on this advisory committee.
The Committee will meet Thursday to make Microenterprise Application desicions
The Community Development Advisory Committee will meet Thursday
Applications for organizations interested in tax credit funding must be submitted by close of business today.
The CDFA Board will meet Tuesday
CDFA will be conducting an Application Writing Workshop for the CDBG Housing and Public Facilities program.