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Find similar grantsOramenta Newsome Nonprofit Development Fund is sponsored by District of Columbia Department of Housing and Community Development (DHCD). Provides loans to nonprofit developers for pre-development costs of affordable housing projects.
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Oramenta Newsome Nonprofit Development Fund | dhcd Oramenta Newsome Nonprofit Development Fund The $2 million fund was launched by Mayor Muriel Bowser in 2018 to help nonprofit developers secure capital for pre-development soft costs – a common obstacle when financing affordable housing projects. Through the fund, which is named after the late Oramenta Newsome , developers can receive loans of up to $100,000 per project.
Ten projects have received pre-development financing from the initial funding round which will produce more affordable housing units for District residents. The fund was established with $1 million from the Housing Production Trust Fund (HPTF) and $1 million from the DC Housing Finance Agency’s (DCHFA) McKinney Act Fund .
By providing early capital, the Oramenta Newsome Pre-development Loan Assistance Fund for Non-Profit Developers (Newsome Fund) can help qualified nonprofit organizations and limited equity cooperatives (LECs) meet the application requirements of DHCD’s consolidated request for proposals (RFP) for affordable housing projects.
A new funding round has opened with enhancements to better serve qualified nonprofit organizations and LECs. Application submissions and questions regarding the program should be directed to: [email protected] .
Oramenta Newsome Predevelopment Loan Application Mayor Bowser Announces First Affordable Housing Projects Supported by Oramenta Newsome Predevelopment Loan Program Mayor Bowser Cuts Ribbon on New All Affordable Senior Housing Honoring the Late Todd A. Lee
According to the current listing, eligibility includes: Nonprofit developers in the District of Columbia. Confirm the full requirements in the official notice before applying.
The current listing shows up to $100,000 per project. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Oramenta Newsome Nonprofit Development Fund is funded by District of Columbia Department of Housing and Community Development (DHCD). Verify program details on the funder's official page before applying.
This opportunity targets applicants in District of Columbia. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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