Chicago Construction News staff writer
The City of Springfield is looking for proposals to build non-profit and for-profit affordable units and developers are being encouraged to apply for a portion of $1 million available in federal HOME Investment Partnerships American Rescue Plan Program (HOME-ARP).
Click on the link to view the notice of funding availability. Applicants are asked to attend one of two pre-proposal technical assistance meetings on Dec. 20 or Jan. 5, 2023. Additional information about the meetings will be provided to each applicant.
Letters of intent from applicants are required by 4 p.m. on Jan. 11, 2023. Full proposals are required by Feb. 10, 2023.
Springfield oversees more than 400 affordable housing rental units, with a current vacancy rate near zero.
To apply, non-profits must provide evidence of their IRS 501 (c) (3) status with their application. And for-profit businesses must provide applicable organization documents.
Grants will not cover the entire cost of each project, but only a portion based on the total development cost. Applicants must show sources of other funding equal to the total anticipated project costs.
Grants are expected to fund between one and 10 projects and a single applicant can receive more than one grant if they are submitting multiple applications for projects located in Springfield.
