2025 Juneau Affordable Housing Fund

The City and Borough of Juneau (CBJ) accepting applications Juneau Affordable Housing Fund (JAHF) to promote the creation of affordable housing in the Capital City. Donor Name: City and Borough of Juneau State: Alaska County: All Counties Type of Grant: Grant Deadline: 08/23/2024 Size of the Grant: $10,000 to $100,000 Grant Duration: Grant Duration Not Mentioned Details: Program Goals and Objectives  The primary purpose for establishing the JAHF is to direct financial resources for creation of affordable (0% to 80% area median income (AMI)) and middle-income housing units (80% to 120% AMI) in the City and Borough of Juneau through the following activities: Funding capital costs of rental and ownership housing; Funding for capacity‐building activities of non‐profit housing developers; Leveraging CBJ investments with other fund sources to maximize the number of quality affordable and middle-income housing units that are created or preserved. Funding Priorities The following are priorities of the JAHF in line with the priorities of the CBJ Housing Action Plan. Use of Capital to Develop Housing Units: Funding for capital costs for acquisition, construction, rehabilitation, or preservation of affordable or middle-income housing, senior housing, and possibly homeowner opportunities. Long‐Term Affordability: Units created using JAHF funds that include affordability covenants or that are permanently affordable are preferred. Downtown Housing Development: Units developed within the boundaries established by the Downtown Juneau Residential Tax Abatement Map, Ordinance 2021-01(c)(am) . Funding Information Funds will typically be made available in the following forms: Grants for non-profit organizations and public housing authorities targeting households in the affordable housing range (0% to 80% AMI), and; Low-interest loans for private developers building affordable or middle-income housing; Long-term rental units, with restrictions on short-term rentals; and Qualifying projects are eligible for grants and loans up to $50,000 per housing unit created and for other eligible uses on a similar per-unit basis. For profit-developer projects utilizing JAHF funds for middle-income housing must reserve at least 20% of units for tenants with gross incomes at 80% or less AMI for at least ten years or the life of the loan. Uses of Funds Funding is available for the following uses: For acquisition, construction, rehabilitation, or preservation of affordable housing located within the City and Borough of Juneau, including activities such as: Purchase of developable real estate; Fees for architects and other professionals; Demolition to make way for affordable or middle-income housing; Building materials and labor costs. Costs incurred by nonprofit organizations to develop or implement a specific affordable or middle-income housing project. Examples include: Capacity building such as training, legal, and accounting costs; Technical assistance such as development consultants. Eligibility Criteria  Public and regional housing authorities Non-profit organizations Tribal governments For-profit developers. For more information, visit CBJ.