General News
Salem Affordable Housing Trust Fund Board Offers Funding
The city of Salem has launched a new Request for Grant Applications, administered through the City’s Affordable Housing Trust Fund Board, to support housing projects and services that address the City’s housing needs. As housing prices continue to far outpace incomes, the need for more housing and particularly affordable housing is urgent. This is why Salem designed an initiative which utilizes $400,000 of the City’s American Rescue Plan Act (ARPA) allocation. According to the city, this program’s funding source can be utilized to assist in the creation and preservation of affordable housing units in the city, as well to offer critical housing services, including housing stability for current tenants and homeowners and assistance to unhoused individuals. This application is for “programmatic” support services (e.g. Rental Downpayment Assistance Programs, Housing Rehabilitation Programs, Homeless assistance), and the development and rehabilitation of affordable housing units. Eligible projects a) must serve qualifying households and populations, as described by U.S. Treasury’s Final Rule, b) advance the goals of the Housing Roadmap c) align with the goals of the Trust, and d) be able to commit the funds no later than June 30, 2024.
