Best Affordable Housing Grants for Nonprofits in New Jersey

The HOME ARP Rental Production RFP aims to support the development of affordable housing for low-income households, including those experiencing homelessness. It encourages collaboration with local housing authorities for project-based rental assistance and offers operating cost support for HOME-ARP units. A maximum of 30% of the funded units may be reserved for low-income occupants, thereby promoting mixed-income housing solutions and fostering community stability.

The Affordable Housing Trust Fund Program aims to enhance affordable housing in New Jersey by providing financial support to municipalities and developers. This initiative not only addresses the urgent housing needs of residents but also promotes neighborhood revitalization and economic growth. The Innovation Fund component encourages unique housing solutions, including tiny homes and healthy living projects, particularly for the ALICE population. With a focus on public-private partnerships, the fund seeks to maximize the impact of investments in sustainable housing solutions.

The Affordable Housing Trust Fund Program aims to assist municipalities, developers, and non-profit organizations in creating affordable housing throughout New Jersey. This initiative not only addresses the need for quality housing but also promotes neighborhood revitalization and economic growth. By leveraging state and local investments, the program supports court-approved housing settlements and encourages innovative public-private partnerships. With funding up to $3 million per project, it is designed to facilitate smaller-scale developments that integrate seamlessly into local communities.

The National Housing Trust Fund (NHTF) in New Jersey aims to bolster affordable housing initiatives for extremely low-income households. This program supports the development and preservation of safe, decent rental housing for those earning 30% or less of the Area Median Income. With a commitment to maintain these units for at least 30 years, the NHTF complements existing federal, state, and local housing efforts while offering technical assistance to applicants through workshops and one-on-one consultations.

The New Jersey Healthy Homes Initiative Grants aim to support New Jersey FamilyCare Members at risk of homelessness or institutionalization. This program, in collaboration with the Department of Community Affairs, focuses on constructing and renovating affordable, community-based housing. By providing essential resources for maintaining and managing these homes, the initiative seeks to enhance housing stability and improve the quality of life for vulnerable populations throughout New Jersey.

The RFA - Housing Production Investment Fund aims to enhance affordable housing availability by leveraging federal HOME funds. This program, established under the National Affordable Housing Act of 1990, provides state and local governments with essential resources to create decent housing for low- and very low-income households. It also strengthens governmental capacity and promotes private sector participation, thereby expanding the role of nonprofit housing providers in community development.

The HOME Community Housing Development Organizations program in New Jersey aims to provide funding for creating affordable housing units for low-income households. This initiative is targeted at certified non-profit developers with proven experience in affordable housing development and management, ensuring they meet specific criteria set by the New Jersey Department of Community Affairs. The program supports various project-related costs while excluding ineligible activities like public housing modernization.

The Provident Bank Foundation's Empowerment Grant focuses on uplifting marginalized communities by providing flexible funding for initiatives that promote economic self-sufficiency. With grants ranging from $5,000 to $25,000 over two years, the program supports organizations in education, human services, and workforce development. Eligible applicants must demonstrate meaningful community impact and align with the Foundation's funding priorities, which include promoting quality education, social safety nets, and career development opportunities.

The Bank of America Charitable Foundation focuses on supporting organizations that empower communities through basic needs, income creation, and stable housing. By investing in health and job opportunities, they aim to enhance economic mobility for low- and moderate-income families. Their partnerships target vulnerable populations, ensuring equitable access to resources that foster community vitality and resilience. This initiative emphasizes the importance of stable housing as a foundation for personal and communal growth.

The Columbia Bank Foundation Housing Grant Program aims to provide essential funding for initiatives that ensure accessible, affordable, and safe housing for low-and-moderate income individuals. With grants ranging from $7,501 to $25,000, the Foundation prioritizes support for community-based non-profits that have been operational for at least three years and hold 501(c)(3) status. The program seeks to make a measurable impact in local communities by addressing the critical need for housing.

About Regions

Regions Financial Corporation is a member of the S&P 500 Index and is one of the nation's largest full-service providers of consumer and commercial banking, wealth management and mortgage products and services. Regions serves customers across the South, Midwest and Texas.

Regions Foundation

Regions Foundation supports community investments that positively impact the communities served by Regions Bank. The Foundation engages in a grantmaking program focused on priorities including economic and community development; education and workforce readiness; and financial wellness. The Foundation is a nonprofit 501(c)(3) corporation funded primarily through contributions from Regions Bank.

Matching Gifts Program

Full-time associates and recent retirees (up to 5 years after retirement) of Regions and its affiliated companies can request a Regions Matching Gift to eligible organizations. The recipient organization must be a 501(c) or 170(c) organization located in the Regions footprint (except for accredited educational institutions, which may be located anywhere in the United States) and has a primary mission that clearly fits one of these categories:

• Economic and community development: Supporting economic prosperity through affordable housing, job creation, small-business development, homebuyer education and retention, neighborhood revitalization and stabilization, food security/hunger relief.
• Education and workforce readiness: Supporting career prosperity through student competency and skill building, college and career readiness, educational access and success, credential building and employment and educator training and resources.
• Financial wellness: Supporting financial prosperity through K-12 and college financial education, adult and workforce financial empowerment.
• Arts and culture: Organizations that promote visual or performing arts, historic or science museums, zoos, botanical gardens, libraries, parks or public radio and television.
• Service members and Veterans: Organizations that have a primary mission of supporting U.S. military service members and veterans.
• Individuals with disabilities: Organizations that have a primary mission of supporting individuals with disabilities.

Regions Matching Gifts for Recent Retirees

Retirees of Regions and its affiliated companies are eligible for the Matching Gift Program for up to 5 years after retirement (the gift date must be within the first 5 years of retirement). Regions will match donations of $25 or more, up to a total of $1,000 per year per retiree.

The Regions Community Affairs team will contact the organization on your behalf to verify the gift and review eligibility.

About Regions

Regions Financial Corporation is a member of the S&P 500 Index and is one of the nation's largest full-service providers of consumer and commercial banking, wealth management and mortgage products and services. Regions serves customers across the South, Midwest and Texas.

Regions Foundation

Regions Foundation supports community investments that positively impact the communities served by Regions Bank. The Foundation engages in a grantmaking program focused on priorities including economic and community development; education and workforce readiness; and financial wellness. The Foundation is a nonprofit 501(c)(3) corporation funded primarily through contributions from Regions Bank.

Matching Gifts Program

Full-time associates and recent retirees (up to 5 years after retirement) of Regions and its affiliated companies can request a Regions Matching Gift to eligible organizations. The recipient organization must be a 501(c) or 170(c) organization located in the Regions footprint (except for accredited educational institutions, which may be located anywhere in the United States) and has a primary mission that clearly fits one of these categories:

• Economic and community development: Supporting economic prosperity through affordable housing, job creation, small-business development, homebuyer education and retention, neighborhood revitalization and stabilization, food security/hunger relief.
• Education and workforce readiness: Supporting career prosperity through student competency and skill building, college and career readiness, educational access and success, credential building and employment and educator training and resources.
• Financial wellness: Supporting financial prosperity through K-12 and college financial education, adult and workforce financial empowerment.
• Arts and culture: Organizations that promote visual or performing arts, historic or science museums, zoos, botanical gardens, libraries, parks or public radio and television.
• Service members and Veterans: Organizations that have a primary mission of supporting U.S. military service members and veterans.
• Individuals with disabilities: Organizations that have a primary mission of supporting individuals with disabilities.

Regions Matching Gifts for Full-Time Associates

Regions supports organizations important to our associates through the Regions Matching Gifts Program. This program, which is open for use for all full-time Regions associates, affiliate associates and recent retirees, allows you to make an even greater difference to your favorite charities by doubling your tax-deductible contributions to these organizations. 

The SSUS Housing Opportunities for Persons With AIDS (HOPWA) program, administered by the New Jersey Department of Health, aims to enhance housing stability for low-income individuals living with HIV. This initiative provides tenant-based rental assistance and security deposit support, promoting access to essential services. By focusing on long-term strategies for housing and care, HOPWA seeks to improve health outcomes and quality of life for affected individuals throughout New Jersey.

The Neighborhood Builders Program, supported by Bank of America, empowers 501(c)(3) nonprofits through a two-year leadership development initiative. Participants receive funding, training, and networking opportunities to enhance their impact in communities. Since its inception, the program has invested over $346 million, training more than 4,000 leaders. The initiative focuses on advancing social mobility and economic opportunities, ensuring affordable housing, and fostering resilient communities. This program is vital for nonprofits aiming to strengthen their leadership and community engagement.

The Nonprofit Resource Training Grant offers up to $1,000 for tax-exempt organizations to send employees to essential training and conferences. This initiative supports community-based groups that serve low- to moderate-income populations and align with The Ready Commitment. By enhancing employee skills, the grant aims to strengthen nonprofits and their impact in the community, ensuring they provide valuable services effectively.

The Investors Foundation Grant aims to create positive, lasting impacts in communities through support for arts, education, health and human services, youth programs, and affordable housing. With over $40 million awarded since 2005, the Foundation aligns its efforts with the United Nations Sustainable Development Goals, focusing on key areas such as poverty alleviation and quality education. Organizations eligible for grants must be 501(c)(3) compliant and serve specific communities in New Jersey and New York.

About DCA

The New Jersey Department of Community Affairs (DCA) is a State agency created to provide administrative guidance, financial support and technical assistance to local governments, community development organizations, businesses and individuals to improve the quality of life in New Jersey.

DCA offers a wide range of programs and services, including local government management and finance, affordable housing production, fire safety, building safety, community planning and development, historic preservation, disaster recovery and mitigation, and information privacy.

HOME-ARP Program Fact Sheet: Rental Housing

Overview:

A PJ may use HOME-ARP funds to acquire, construct and rehabilitate rental housing for occupancy by individuals and families that meet one of the Qualifying Populations defined in CPD Notice: Requirements for the Use of Funds in the HOME-American Rescue Plan Program (“the Notice”). HOME-ARP rental housing may include single family or multifamily housing, transitional or permanent housing, group homes, single room occupancy (SRO) units, and manufactured housing.

To promote the development of financially viable housing, PJs may pay the entire amount of eligible costs associated with HOME-ARP rental units, are encouraged to work with local PHAs and state or local agencies to obtain project-based rental assistance and may provide ongoing operating cost assistance or capitalize a project operating cost assistance reserve to address operating deficits of HOME-ARP units occupied by qualifying households. To promote inclusion of HOME-ARP units in mixed-income housing, up to 30 percent of the units a PJ funds with its HOME-ARP grant may be restricted for occupancy by households that are low-income.

The Summit Foundation Grant aims to support various community needs in the Summit area, focusing on education, health, arts, and assistance for individuals with disabilities. The foundation encourages local nonprofits to apply for competitive grants to fund specific programs and initiatives that enhance community welfare. Eligibility requires organizations to be tax-exempt and serve Summit area residents. However, the foundation does not fund general operating support or religious programs. The goal is to create a positive impact on local communities.

The MGM Resorts Foundation Community Grant Fund supports nonprofit agencies providing essential services in areas such as affordable housing, education, and health. Grants are awarded for a one-year period and focus on regions where MGM Resorts employees live and work. Eligible applicants must comply with diversity policies and serve individuals or families. The foundation does not fund governmental agencies or projects exclusively for medical research. This initiative aims to enhance community well-being through targeted support.

Roche Corporate Donations and Philanthropy (CDP) focuses on impactful projects that foster sustainable development, engage employees, and leverage Roche's expertise. Their philanthropic efforts prioritize humanitarian, educational, environmental, and cultural initiatives, aiming to build stronger communities and support innovative projects. Eligibility is limited to local organizations, while ineligible projects include those with political or religious ties. The foundation strives to create a positive societal impact through collaboration and strategic partnerships.