Housing Assistance Council

September 2012

Affordable Housing for Rural Veterans - Financial Resources

Since 1971, the Housing Assistance Council (HAC) has provided technical assistance, training, loan capital, and informational resources to increase the capacity of rural nonprofit housing organizations. The purpose of this new initiative is to support local nonprofit housing development organizations that meet or help meet the affordable housing needs of veterans in rural areas. Work supported will be bricks-and-mortar projects that help low-income, elderly and disabled veterans with home repair and rehab needs, support homeless veterans, and help veterans become homeowners, tap into available housing programs and secure affordable rental housing. This new initiative is made possible through the generous support of The Home Depot Foundation (THDF).
The project can provide both temporary and permanent housing for veterans, depending on the local needs of the community. HAC will coordinate with Home Depot volunteers and THDF on volunteer opportunities especially around home repair and rehab.

APPLICATION GUIDELINES. This is a new initiative, and grants will not normally exceed a maximum of $30,000. Organizations interested in applying to this program are asked to send a Letter of Intent (LOI) by November 2, 2012 5:00 pm ET. This initial letter is no longer than 3 pages. For more information about requirements for the letter contact the Housing Assistance Council.
HAC will review all LOI and invite selected organizations to submit full proposals. Full proposals will not be accepted without a preliminary LOI accepted by the Housing Assistance Council.

ELIGIBILITY. The applicant must be a 501(c)(3) nonprofit organization, tribally designated housing entity (TDHE), or housing authority acting as a nonprofit, that serves veterans at or below 80% of area median income.

RURAL SERVICE AREA. The applicant must apply to support programs working in nonmetropolitan areas or in counties that meet the USDA definition of rural for housing (Sec. 520 of the Housing Act of 1949). Please check the USDA Property Eligibility Site, http://eligibility.sc.egov.usda.gov, to determine rural eligibility.

FOR MORE INFORMATION ABOUT THIS PROGRAM, CONTACT:
Janice Clark, Program Coordinator
Housing Assistance Council
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