Who is eligible to apply for Trust Fund Financing?
Not-for-profits and for-profit corporations as well as units of local government may seek Trust Fund dollars. Individual citizens are not eligible for Trust Fund financing. How may funds be used? Projects eligible for consideration include, but are not limited to: * Acquisition and rehabilitation of existing housing * New construction (single family and multifamily) * Adaptive reuse of non-residential buildings * Special housing needs for the: – mentally ill – developmentally disabled – elderly – physically disabled – single-parent families * Technical Assistance (for non-profit organizations only) What are the rates and terms of Trust Fund financing? The Trust Fund makes loans available at less than the prevailing commercial rate to all applicants. Grants are available to not-for-profit applicants when the project demonstrates a strong very low-income orientation and is not feasible without Trust Fund assistance. What are the basic application requirements? Following is a list of gene
