Genesis Housing Development Corporation

How to apply

This foundation reports that it accepts applications.

APPLICATION FOUND ON WEBSITE SUBMITTED WITH REQUESTED AMOUNT OF PREDEVELOPMENT FUND, TAX ID, LIST OF DEVELOPMENT TEAM MEMBERS, ANY PRIOR DEVELOPMENT EXPERIENCE, EVIDENCE OF 501(C)(3) STATUS, EVIDENCE OF LIABILITY INSURANCE FOR APPLICANT AND CO-DEVELOPER, ALONG WITH THE PAST TWO YEARS FINANCIAL STATEMENTS AND TAX RETURNS. ALSO TO BE INCLUDED IS A DRAFT NARRATIVE OF THE GENERAL PROJECT INFORMATION, DEVELOPMENT BUDGET, AFFORDABILITY/RENT PLAN, BUILDING SITE INFORMATION, AND EVIDENCE OF MATCHING FUNDS.

Restrictions: LOAN AMOUNT IS NOT TO EXCEED $15,000 AND IS NOT TO EXCEED 50% OF THE TOTAL PREDEVELOPMENT BUDGET. ELIGIBLE PROJECTS INCLUDE PREDEVELOPMENT ACTIVITIES ASSOCIATED WITH AFFORDABLE HOUSING AND APPLICANT MUST DEMONSTRATE AN EQUITY PAYMENT OF 33% OF THE PREDEVELOPMENT EXPENSES

Check the foundation's own materials before applying; details may have changed.