Grants are available to projects that preserve or create affordable housing for residents earning 50 percent or less of the area median income
VANCOUVER – The city of Vancouver is now accepting applications for Affordable Housing Fund grants from local government agencies, non-profit organizations, for-profit developers and individual property owners. Approximately $12 million is available in the fund for housing construction, acquisition and rehabilitation projects supporting very low-income households in Vancouver.
Grants are available to projects that preserve or create affordable housing for residents earning 50 percent or less of the area median income (approximately $48,350/year for a family of four). Creative and outside-the-box ideas are welcome. Detailed application guidelines and a link to the online application is available at www.cityofvancouver.us/affordablehousingfund. Applications will be accepted on a rolling basis until all the funding has been awarded. There is no application deadline.
Vancouver City Council will determine which projects receive funding on an ongoing basis approximately 6-8 weeks following the receipt of an application. Please review the detailed application guidelines for more information about the timeline.
The Affordable Housing Fund was approved by Vancouver voters in 2016. The passage of Proposition 1 gave the city the ability to levy a property tax for the purpose of buying, building and preserving low-income rental housing and preventing homelessness through rental assistance and other housing services.
Since 2017, the city has awarded $24.2 million in Affordable Housing Fund grants to 46 different local projects and programs, including the Englund Manor (3720 E. 18th St.), Meriwether Place (6221 E. Fourth Plain Blvd.) and Isabella Court I and II (3112 N.E. 62nd Ave.) apartment buildings and the planned Mercy-PeaceHealth family housing development (408 and 409 N.E. 93rd Ave.)
To request the application guidelines in another format or language, please contact Peggy Sheehan at (360) 487-7952, TTY: (360) 487-8602, WA Relay: 7-1-1 or by email at peggy.sheehan@cityofvancouver.us.
Information provided by city of Vancouver.
