City of Grants Pass Housing Opportunity Funds available

The City of Grants Pass is soliciting applications for new construction of residential housing developments that will serve qualified low and moderate-income households. The City has $479,379 from the Housing Opportunity Fund to distribute to qualified projects. The deadline to apply for these funds through this Notice of Funding Availability (NOFA) is June 21, 2024, at 3:00 pm.

To be eligible for this funding, the resulting units must serve households whose income is at or below 80% of the Area Median Income (AMI) for rental housing or 100% AMI for homeownership units. The City's current housing incentives such as the Affordable Housing System Development Charge (SDC) Waiver, Urban Renewal Funding, and Community Development Block Grants are expected to be available and may supplement projects submitted under this NOFA.

In 2021, the City of Grants Pass adopted the Affordable Housing Construction Excise Tax (CET) which is the funding source of the Housing Opportunity Fund. The overall purpose of the CET, per the enabling Senate Bill 1533 (2016) and its accompanying rules, is to help local jurisdictions address their communities' housing needs. The Grants Pass City Council elaborated on those rules by stating the fund should be specifically used to support the creation of new housing units.

Follow this link for complete details of this opportunity, including how to apply.