The Collaborative invites potential faith-based partners and others to help establish a Pre-Development Technical Assistance Recoverable Grant Fund to match faith funds with faith properties to create supportive and affordable housing in New York City and New York State. The Collaborative also seeks faith communities interested in sponsoring affordable housing initiatives.
Recoverable Grant Fund
The pre-development recoverable grants – including a small matching component to be provided at no interest to the faith organization. Repayment would be sought upon successful funding of the development contract. As of 5/1/19 the Fund has received funding commitments of $86,000 ($60,000 from Trinity Church Wall Street, $25m from Collegiate Church, and $1,000 from the Dergah Al Farah).