CAHEC Doubles Grant Funding for Affordable Homeownership Initiative
TL;DR
Nonprofit organizations can apply for $25,000 grants from CAHEC for building affordable housing, giving them a competitive edge.
CAHEC's Open Doors Homeownership Grant provides supplementary funding for nonprofit developers in the Southeast and Mid-Atlantic regions to build affordable housing for low-income households.
The grant from CAHEC will help advance the mission of organizations dedicated to developing affordable housing, ultimately improving the quality of life for low-income households.
CAHEC's annual grant offers an exciting opportunity for nonprofit organizations to receive funding and make a positive impact on the community.
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CAHEC, a leading community investment organization, has announced a significant increase in grant funding for its Open Doors Homeownership Initiative. This year, the initiative will award two larger grants, a first in its history, to nonprofit organizations dedicated to constructing affordable housing for low-income families. Stefanie Lee, Community Relations Manager at CAHEC, highlighted the transformative potential of this increased funding, noting its expected impact on the projects submitted by recipient organizations.
The initiative targets affordable housing developments within CAHEC's operational areas, including several states across the Southeast and Mid-Atlantic regions. Applications are evaluated through a competitive process, with a focus on the projects' quality and their potential to effect positive change in communities. CAHEC's broader mission encompasses a variety of programs aimed at fostering community development, from tax credit initiatives to resident wellness and education programs.
For those interested in applying or learning more about the grant eligibility criteria, additional information is available on CAHEC's website. This expansion of funding underscores CAHEC's ongoing commitment to making affordable homeownership a reality for more families across its service area.
Curated from 24/7 Press Release
