Housing Trust Fund Capacity Building Awards Announced
The Board on August 19 also approved $410,650 in Housing Trust Fund awards to 14 nonprofit organizations for capacity building activities. These grant awards will provide funds to hire either additional professional staff or external consultants for training and technical assistance needed to efficiently produce affordable housing. Staff recommendations listing the 14 grant recipients are also posted in the August 19 board book material.
Trust Fund capacity building awards provide funding to nonprofit housing providers that allows them to hire experienced staff and/or hire technical assistance providers for specific training needs that will increase their ability to create affordable housing. The Housing Trust Fund is the only affordable housing initiative to receive general revenue from the state.