Curated News
By: NewsRamp Editorial Staff
March 19, 2024
CAHEC Announces $25,000 Grants for Affordable Housing Development
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- Nonprofit organizations can apply for $25,000 grants from CAHEC for building affordable housing, giving them a competitive edge.
- CAHEC's Open Doors Homeownership Grant provides supplementary funding for nonprofit developers in the Southeast and Mid-Atlantic regions to build affordable housing for low-income households.
- The grant from CAHEC will help advance the mission of organizations dedicated to developing affordable housing, ultimately improving the quality of life for low-income households.
- CAHEC's annual grant offers an exciting opportunity for nonprofit organizations to receive funding and make a positive impact on the community.
Impact - Why it Matters
The availability of these grants is important for nonprofit organizations working on affordable housing projects, as it will provide much-needed funding for the development of housing for low-income households. This initiative will have a substantial impact on the communities within CAHEC's footprint, and will contribute to the ongoing effort to provide affordable housing options for those in need.
Summary
CAHEC has announced the availability of two $25,000 grants for nonprofit organizations dedicated to building affordable housing for low-income households. The grants are designed to cover supplementary funding for the costs associated with developing housing for sale to low-income households, within the areas CAHEC serves.
Stefanie Lee, Community Relations Manager at CAHEC, expressed excitement about advancing the mission of these organizations. She stated, 'We're thrilled to announce we'll be awarding two larger grant amounts this year, which is something we've never done before.'
Source Statement
This curated news summary relied on this press release disributed by 24/7 Press Release. Read the source press release here, CAHEC Announces $25,000 Grants for Affordable Housing Development
