CHIP Subgrant Award Announcement and Press Release
We are pleased to announce that the Cornerstone Partnership has awarded subgrant funding to ten nonprofit organizations to build the scale and capacity of these outstanding stewards of affordable homeownership units. The ten awards total $1.3 million, which will be matched dollar for dollar by the subgrantees. Cornerstone received almost 50 applications for CHIP funding through a Request for Proposals process. This opportunity for funding is made possible through an award to Capital Impact to support CHIP by the federal Social Innovation Fund (SIF), a program of the Corporation for National and Community Service (CNCS) and through private funding provided by the Ford Foundation. The selected Subgrantees are:
• Austin People Trust (TX)
• Champlain Housing Trust (VT)
• City First Enterprises, Inc. (DC)
• Community Asset Preservation Corporation (NJ)
• HomeBricks (CA)
• Homestead Community Land Trust (WA)
• Housing Partnership, Inc. (FL)
• Long Island Housing Partnership (NY)
• Mountainlands Community Housing Trust (UT)
• The Housing Fund (TN)
Click here for more information about the CHIP Subgrantees.
In order to facilitate a rigorous, objective and transparent selection process, Cornerstone assembled a Grants Committee comprising individuals from Cornerstone staff and the nonprofit, foundation, public and private sectors. Click here for more information about the Grants Committee.
Background:
CHIP Awardees were selected through a Request for Proposals process. Click here to download the CHIP Request for Proposals. Applications were due on November 14, 2011.
