National Housing Trust

DESCRIPTION:THIS AGREEMENT PROVIDES FUNDING UNDER THE INFLATION REDUCTION ACT (IRA) TO THE NATIONAL HOUSING TRUST. SPECIFICALLY, THE PROJECT WILL RETROFIT 785 HOMES TO IMPROVE INDOOR AIR QUALITY, REDUCE LOCALIZED POLLUTION CAUSED BY FOSSIL FUEL COMBUSTION, AND PROTECT VULNERABLE RESIDENTS FROM EXTREME WEATHER. RESIDENTS WILL BENEFIT FROM REDUCED ENERGY COSTS WHILE TARGETED WORKFORCE DEVELOPMENT LINKAGES WILL PROVIDE ECONOMIC OPPORTUNITIES FOR THE LARGER COMMUNITY. THESE INVESTMENTS WILL ALSO HELP PRESERVE AND STABILIZE AFFORDABLE HOUSING TO ENSURE THAT LOW-INCOME RESIDENTS REMAIN IN THEIR COMMUNITIES AND BENEFIT FROM CLIMATE-READY AFFORDABLE HOMES. ACTIVITIES:THE ACTIVITIES INCLUDE HIGH-PERFORMANCE BUILDING UPGRADES THAT WILL ELIMINATE ON-SITE GHG EMISSIONS IN FIVE OF THE SIX TARGETED PROPERTIES. THE REMAINING PROPERTY WILL REDUCE GHG EMISSIONS AND HARMFUL INDOOR AIR POLLUTANTS BY REPLACING GAS STOVES AND WILL IMPLEMENT ELECTRIFICATION-READY MEASURES. THE SURROUNDING COMMUNITY WILL BENEFIT FROM REDUCED LOCALIZED POLLUTION FROM FUEL COMBUSTION #8213; NITROGEN OXIDES (NOX), PARTICULATE MATTER (PM), CARBON DIOXIDE (CO2), SULFUR DIOXIDE (SO2), AND OTHER POLLUTANTS THAT DEGRADE AIR QUALITY AND EXACERBATE CHRONIC RESPIRATORY CONDITIONS. SUBRECIPIENT:THE SUBAWARD ORGANIZATIONS INCLUDE THE CHILDREN'S LAW CENTER, VEIC, CHILDREN'S NATIONAL HOSPITAL, LATINO ECONOMIC DEVELOPMENT CENTER, AND EMERALD CITIES COLLABORATIVE. THE SUBAWARD TO CHILDREN'S LAW CENTER WILL BE USED TO INFORM THE DESIGN OF HEALTHY HOUSING PROJECTS AND RESIDENT ENGAGEMENT; COORDINATE WITH THE D.C. GOVERNMENT/STAKEHOLDERS TO STREAMLINE FUNDING SOURCES/PROCESSES; AND DEVELOP A PROJECT EVALUATION FRAMEWORK. VEIC WILL PROVIDE TECHNICAL ASSISTANCE TO BUILDING OWNERS INCLUDING SCOPE PLANNING, CONTRACTOR IDENTIFICATION AND BIDDING, CONSTRUCTION OVERSIGHT, AND QUALITY ASSURANCE. CHILDREN'S NATIONAL (CN) HOSPITAL WILL MAINTAIN THE HEALTHY HOUSING MAP HEALTHCARE UTILIZATION DATA; ASSIST IN DEVELOPING HEALTHY HOUSING REMEDIATION SCOPES OF WORK; AND LEAD THE DESIGN OF THE PROJECT EVALUATION FRAMEWORK. THE LATINO ECONOMIC DEVELOPMENT CENTER WILL LEAD RESIDENT ENGAGEMENT ACTIVITIES. THE EMERALD CITIES COLLABORATIVE WILL DEVELOP AND IMPLEMENT A CLEAN ENERGY WORKFORCE TRAINING AND MENTORING PROGRAM. SIX FINANCIAL ASSISTANCE SUB-AWARDS WILL GO TO SUB-RECIPIENT NON-PROFIT AFFORDABLE HOUSING PROVIDERS' EQUIPMENT AND CONTRACTUAL COSTS.OUTCOMES:THE ANTICIPATED DELIVERABLES INCLUDE 667 HOUSING UNITS FULLY ELECTRIFIED, 569 HVAC GAS FURNACES REPLACED WITH HEAT PUMPS, 667 GAS WATER HEATERS REPLACED WITH HEAT PUMP WATER HEATERS, 269 HOUSING UNITS INSULATED, 785 HOUSING UNIT ENERGY EFFICIENCY UPGRADES, 98 HOUSING UNITS WITH ES WINDOWS INSTALLED, 118 HOUSING UNITS MADE ELECTRIFICATION READY, AT LEAST 65 KW SOLAR PV CAPACITY INSTALLED, AND 85% ON-SITE GHG EMISSIONS REDUCED (TON CO2), 45% ON-SITE ENERGY USAGE REDUCED (KBTU/SF). THE EXPECTED OUTCOMES INCLUDE REDUCED CLIMATE POLLUTANTS, REDUCED NO2 AND PM2.5, IMPROVED INDOOR AIR QUALITY, ENHANCED RESILIENCE TO EXTREME HEAT, DECREASED ASTHMA AND OTHER RESPIRATORY ILLNESSES, AND REDUCED ENERGY COSTS/BURDEN FOR RESIDENTS. THE INTENDED BENEFICIARIES ARE DISADVANTAGED COMMUNITIES.

NEIGHBORHOOD STABILIZATION PROGRAM (RECOVERY ACT FUNDED)

PURPOSE: TO ATTRACT FINANCING FOR AND INCREASE INVESTMENT IN AFFORDABLE HOUSING FOR PRIMARILY LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME PEOPLE AND FOR CERTAIN RELATED ECONOMIC AND COMMUNITY DEVELOPMENT ACTIVITIES. PLANNED ACTIVITIES: THROUGH COMPETITIVE GRANTS, THE CAPITAL MAGNET FUND (CMF) PROVIDES CAPITAL TO FINANCE AND SUPPORT AFFORDABLE HOUSING AND RELATED ECONOMIC DEVELOPMENT. END GOALS: EXPECTED OUTCOMES INCLUDE INCREASED PRIVATE INVESTMENT IN THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND PRESERVATION OF AFFORDABLE RENTAL HOUSING AND HOMEOWNERSHIP. BENEFICIARIES: CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION; PRIVATE NONPROFIT HOUSING ORGANIZATIONS, PUBLIC NONPROFIT INSTITUTION/ORGANIZATION. LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME INDIVIDUALS AND FAMILIES AS SET FORTH IN 12 C.F.R. PART 1807, AS AMENDED. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.

CAPITAL MAGNET FUND AWARD

CAPITAL MAGNET FUND AWARD

PURPOSE: TO PROVIDE GRANTS TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) FOR THE FOLLOWING PURPOSES 1) TO EXPAND LENDING, GRANT MAKING AND INVESTMENT ACTIVITIES IN LOW OR MODERATE INCOME COMMUNITIES AND TO BORROWERS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC; AND 2) TO ENABLE CDFIS TO BUILD ORGANIZATIONAL CAPACITY AND ACQUIRE TECHNOLOGY, STAFF, AND OTHER TOOLS NECESSARY TO ACCOMPLISH THE ACTIVITIES UNDER A CDFI ERP AWARD. PLANNED ACTIVITIES: ELIGIBLE ACTIVITIES INCLUDE FINANCIAL PRODUCTS, FINANCIAL SERVICES, DEVELOPMENT SERVICES, GRANTS, LOAN LOSS RESERVES AND CAPITAL RESERVES THAT MAY BE USED TO MITIGATE THE IMPACT OF THE COVID 19 PANDEMIC ON UNEMPLOYMENT, CHILDCARE, HEALTHCARE, MENTAL HEALTHCARE, AFFORDABLE HOUSING, AFFORDABLE HOUSING FINANCE, SMALL BUSINESS, SMALL FARMS, BROADBAND INTERNET, AND FOOD SUFFICIENCY. IN ADDITION, TO SUPPORT CDFIS IN BUILDING THEIR CAPACITY TO RESPOND TO THE ECONOMIC IMPACT OF COVID 19, CDFI ERP AWARDS MAY BE USED FOR COMPENSATION PERSONAL SERVICES; COMPENSATION FRINGE BENEFITS; PROFESSIONAL SERVICE COSTS; TRAVEL COSTS; TRAINING AND EDUCATION COSTS; EQUIPMENT; SUPPLIES. END GOALS: EXPANDED FINANCING FOR LOW TO MODERATE INCOME COMMUNITIES AND INDIVIDUALS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC INCLUDING SPECIFIC DESIGNATED COVID IMPACTED CDFI ERP ELIGIBLE GEOGRAPHIES AS AREAS THAT MAY BENEFIT FROM CDFI ERP ASSISTANCE. BENEFICIARIES: CERTIFIED CDFIS WHICH MAY BE FOR PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, AND OTHER PRIVATE INSTITUTION/ORGANIZATION, AS DEFINED IN 12 C.F.R. 1805, AND LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.

CDFI RAPID RESPONSE PROGRAM AWARD

FINANCIAL ASSISTANCE AWARD

FINANCIAL ASSISTANCE AWARD

PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH INVESTMENT IN AND FINANCIAL ASSISTANCE TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). PLANNED ACTIVITIES: FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, FINANCIAL SERVICES (REGULATED INSTITUTIONS ONLY), DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN AN ELIGIBLE MARKET OR THE RECIPIENT’S APPROVED TARGET MARKET. END GOALS: THE GOAL OF THE FINANCIAL ASSISTANCE IS FOR CDFIS TO BUILD THEIR FINANCIAL CAPACITY TO LEND TO ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE RURAL AND URBAN LOW INCOME PEOPLE, AND COMMUNITIES ACROSS THE NATION THAT LACK ADEQUATE ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND FINANCIAL SERVICES. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: THE RIEGLE ACT (P.L. 103 325), THE STATUTE WHICH AUTHORIZES THE CDFI PROGRAM, REQUIRES THAT FINANCIAL ASSISTANCE AWARDS, INCLUDING BASE FINANCIAL ASSISTANCE (BASE FA), DISABILITY FUNDS FINANCIAL ASSISTANCE (DF FA), AND PERSISTENT POVERTY COUNTIES FINANCIAL ASSISTANCE (PPC FA), BE MATCHED WITH FUNDS FROM NON FEDERAL GOVERNMENT SOURCES AND COMPARABLE IN FORM AND VALUE TO THE FA AWARD. MODIFICATIONS WOULD BE REQUIRED IF THERE IS A CHANGE IN THE FORM AND/OR AMOUNT ORIGINALLY OBLIGATED FOR THE AWARD, BASED ON APPROVED MATCHING FUNDS. NOTE: MATCHING FUNDS ARE REQUIRED ONLY FOR ORGANIZATIONS APPLYING AS CATEGORY II/CORE FA APPLICANTS UNDER THE CDFI PROGRAM. MATCHING FUNDS ARE NOT REQUIRED FOR ANY NATIVE CDFI APPLICANTS OR HOUSING PRODUCTION FINANCIAL ASSISTANCE AWARDS (HP FA). ADDITIONALLY, MATCHING FUNDS ARE NOT REQUIRED FOR SMALL AND EMERGING CDFI ASSISTANCE (SECA) FA APPLICANTS AND HEALTHY FOOD FINANCING INITIATIVES (HFFI) FA APPLICANTS, PENDING FINAL FY 2025 APPROPRIATIONS LANGUAGE.

PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH INVESTMENT IN AND FINANCIAL ASSISTANCE TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). PLANNED ACTIVITIES: FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, FINANCIAL SERVICES (REGULATED INSTITUTIONS ONLY), DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN AN ELIGIBLE MARKET OR THE RECIPIENT’S APPROVED TARGET MARKET. END GOALS: THE GOAL OF THE FINANCIAL ASSISTANCE IS FOR CDFIS TO BUILD THEIR FINANCIAL CAPACITY TO LEND TO ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE RURAL AND URBAN LOW INCOME PEOPLE, AND COMMUNITIES ACROSS THE NATION THAT LACK ADEQUATE ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND FINANCIAL SERVICES. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: THE RIEGLE ACT (P.L. 103 325), THE STATUTE WHICH AUTHORIZES THE CDFI PROGRAM, REQUIRES THAT FINANCIAL ASSISTANCE AWARDS, INCLUDING BASE FINANCIAL ASSISTANCE (BASE FA), DISABILITY FUNDS FINANCIAL ASSISTANCE (DF FA), AND PERSISTENT POVERTY COUNTIES FINANCIAL ASSISTANCE (PPC FA), BE MATCHED WITH FUNDS FROM NON FEDERAL GOVERNMENT SOURCES AND COMPARABLE IN FORM AND VALUE TO THE FA AWARD. MODIFICATIONS WOULD BE REQUIRED IF THERE IS A CHANGE IN THE FORM AND/OR AMOUNT ORIGINALLY OBLIGATED FOR THE AWARD, BASED ON APPROVED MATCHING FUNDS. NOTE: MATCHING FUNDS ARE REQUIRED ONLY FOR ORGANIZATIONS APPLYING AS CATEGORY II/CORE FA APPLICANTS UNDER THE CDFI PROGRAM. MATCHING FUNDS ARE NOT REQUIRED FOR ANY NATIVE CDFI APPLICANTS OR HOUSING PRODUCTION FINANCIAL ASSISTANCE AWARDS (HP FA). ADDITIONALLY, MATCHING FUNDS ARE NOT REQUIRED FOR SMALL AND EMERGING CDFI ASSISTANCE (SECA) FA APPLICANTS AND HEALTHY FOOD FINANCING INITIATIVES (HFFI) FA APPLICANTS, PENDING FINAL FY 2025 APPROPRIATIONS LANGUAGE.

FINANCIAL ASSISTANCE AWARD

DESCRIPTION:THIS AGREEMENT PROVIDES FUNDING TO THE NATIONAL HOUSING TRUST (NHT) TO IDENTIFY TWO LOW-INCOME, MULTIFAMILY RENTAL PROPERTIES WITH A HIGH PREVALENCE OF CHILDREN WITH ASTHMA AND POOR ENERGY PERFORMANCE, AND TO IMPLEMENT REMEDIATION MEASURES SUCH AS HVAC UPGRADES, MOLD REMEDIATION, AND PEST REMOVAL IN THESE BUILDINGS. THESE EFFORTS WILL DEMONSTRATE THE EFFECTIVENESS OF COMBINING DECARBONIZATION AND HEALTHY HOUSING REMEDIATION TO IMPROVE HEALTH OUTCOMES FOR UNDER-RESOURCED CHILDREN LIVING IN MULTI-FAMILY HOUSING WHILE REDUCING CARBON EMISSIONS. THIS PROJECT WILL ALSO DEMONSTRATE HOW THESE OVERALL BUILDING UPGRADES WILL IMPROVE INDOOR AIR QUALITY. RECENT RESEARCH HAS ELEVATED THE NEGATIVE HEALTH IMPACTS OF FOSSIL FUEL COMBUSTION IN BUILDINGS, INCLUDING TRIGGERING ASTHMA EPISODES IN CHILDREN. HOWEVER, DECARBONIZING HOUSING ALONE DOES NOT ADDRESS ALL ASTHMA CAUSES. USING OUTSIDE FUNDING SOURCES, NHT WILL ADOPT A COLLABORATIVE PROBLEM-SOLVING WITH COMMUNITY BASED ORGANIZATION (CBO) PARTNERS TO CONDUCT OUTREACH AND EDUCATION ABOUT THEIR EFFORTS TO IMPROVE HEALTHY HOUSING. ACTIVITIES:THIS NHT PROJECT WILL INCLUDE THE FOLLOWING ACTIVITIES: A) IDENTIFY TWO LOW-INCOME MULTIFAMILY RENTAL PROPERTIES WITH A HIGH PREVALENCE OF CHILDREN WITH ASTHMA AND POOR ENERGY PERFORMANCE; B) PARTNER WITH A BLACK, INDIGENOUS AND PEOPLE OF COLOR (BIPOC)-LED CBO AND ENGAGE RESIDENTS THROUGH COMMUNITY-FACILITATED DISCUSSIONS AND DEVELOPMENT MEETINGS; C) CONDUCT HEALTHY HOUSING ASSESSMENTS AND DEVELOP A SCOPE OF WORK; AND D) IMPLEMENT REMEDIATION MEASURES AND E)DISSEMINATE PROJECT OUTCOMES, LESSONS LEARNED WITH RECOMMENDATIONS FOR SCALING AND REPLICATING THIS PILOT PROGRAM. IN ESSENCE, THIS EPA GRANT WILL LEVERAGE AN NHT-LED DECARBONIZATION INITIATIVE AIMING TO IDENTIFY SEPARATE FUNDING SOURCES FOR DECARBONIZATION UPGRADES IN AFFORDABLE MULTIFAMILY HOUSING. THE PARTNERING CBOS WILL CONDUCT EDUCATION AND OUTREACH ABOUT THIS PROJECT, HOWEVER, FUNDING FOR THESE CBOS IS NOT INCLUDED AS PART OF THIS EPA FUNDED PROJECT. SUBRECIPIENT:NO SUBAWARDS ARE INCLUDED IN THIS ASSISTANCE AGREEMENT.OUTCOMES:THE ANTICIPATED DELIVERABLES WITH INTENDED BENEFICIARY(IES) WILL INCLUDE THE NHT CONVENING POST-RETROFIT ALL-PARTNER MEETINGS TO IMPART LESSONS LEARNED FROM RESIDENT ENGAGEMENT ACTIVITIES AND REMEDIATION UPGRADES. ADDITIONALLY, CBO PARTNERS WILL DETERMINE BEST PRACTICE STRATEGIES FOR EQUITABLE RESIDENT ENGAGEMENT AND HEALTHY HOUSING REMEDIATION IN AFFORDABLE HOUSING. MOREOVER, THE NHT WILL: A) WRITE AND DISSEMINATE A SUMMARY REPORT OF THE PROJECT FINDINGS; B) PROVIDE PROJECT IMPLEMENTATION RECOMMENDATIONS FOR ITS CBO PARTNERS AND PROPERTY OWNERS; AND C) CONVEY POLICY AND PROGRAM DESIGN RECOMMENDATIONS FOR POLICYMAKERS. THE EXPECTED OUTCOMES WITH INTENDED BENEFICIARY(IES) WILL INCLUDE THE LEVERAGING OF A LARGER NHT-LED INITIATIVE, BASED ON THIS PROPOSAL'S PROJECT, TO RETROFIT AND DECARBONIZE AFFORDABLE HOUSING. LAUNCHED IN LATE-2022 AND SEEDED WITH PHILANTHROPIC FUNDING, THE INITIATIVE INVOLVES WORKING WITH RESIDENTS, PROPERTY OWNERS, LENDERS, AND POLICYMAKERS TO SCALE UP RETROFITS OF MULTI-FAMILY PROPERTIES, RESULTING IN THE PRESERVATION OF AFFORDABLE HOUSING THAT IS SAFER AND HEALTHIER FOR RESIDENTS, COMMUNITIES, AND THE PLANET. THE OUTPUTS OF THIS GRANT-FUNDED PROJECT WILL INCLUDE USING THE MOMENTUM OF THIS PROPOSAL'S PROJECT TO CONVEY BEST PRACTICES FOR THE LARGER INITIATIVE. THE OUTPUTS WILL FOCUS ON THE GOAL OF PROMOTING SYSTEMS CHANGE RELATIVE TO HOW THESE RETROFIT PROJECTS ARE DESIGNED AND DEVELOPED IN THE DISTRICT OF COLUMBIA AND NATIONWIDE. INTENDED BENEFICIARIES OF THIS HEALTHY HOUSING REMEDIATION INCLUDE RESIDENTS OF COMMUNITIES WITH HIGH CONCENTRATIONS OF CHILDREN WITH ASTHMA IN DISADVANTAGED AND PREDOMINANTLY BIPOC NEIGHBORHOODS OF WASHINGTON D.C.

TRANSFORMATION INITIATIVE RESEARCH GRANTS: SUSTAINABLE COMMUNITY RESEARCH GRANT PROGRAM

FINANCIAL ASSISTANCE AWARD