The PreDevelopment Program provides community-based nonprofits funds for "soft costs" of specific projects.

Funds are used for housing or economic development projects that target low-income people.  Low income is defined as 80% of area median income.

Funds may not be used for public or community facilities, social service projects, or overhead costs not related to the targeted project.

Must be a member of the Finance Fund. Click here to apply for membership.

Maximum award is $20,000.

Grants must be matched on a 20% basis by locally generated resources (cash or in kind).

Funds can be used for costs directly related to the "planning" of a project.  Eligible uses of grant dollars are such things as architectural drawings, site plans, legal costs, engineering costs, market studies, real estate options, zoning/permit fees and other soft costs.

All application submissions will be accepted in an open-window basis.

To review the PreDevelopment Program policy and guidelines click here.

Financial Reporting Forms for the Predevelopment Grant Program click here.

Budget Revision Form click here.

Unfortunately, we are unable to accept PreDevelopment Program applications online at this time. To apply, please click here for an Application, complete it in full, and mail it to us for consideration. Potential applicants are encouraged to contact a Program Officer, Carol Carter: ccarter@financefund.org or Michael Thomas: mthomas@financefund.org to discuss the project and the availability of funding prior to submitting an application. 

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