The PreDevelopment Section 8 Program provides zero-interest loans to nonprofit organizations that wish to pursue ownership and/or management of Section 8 properties.

Funds are to be used exclusively for predevelopment activities related to Section 8 properties. These activities include architectural fees, legal fees, rehabilitation specifications, environmental reviews, appraisal fees, real estate options, zoning/permit fees and other soft costs.

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

Maximum loan amount is $20,000.

No match is required.

The loan period may be up to 12 months.

No application will be approved without verification/concurrence from HUD and/or the Ohio Housing Finance Agency.

Items already funded from other sources will not be eligible for funding through this program.

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

To review the PreDevelopment Section 8 Program policy and guidelines click here.

Unfortunately, we are unable to accept PreDevelopment Section 8 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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