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  Funding Opportunity Details
 14463-FY20 HCE Credit Improvement Focus Area
 
  Housing Counseling and Education
  Application Deadline: 05/31/2019 11:59 PM
 
 
Award Amount Range: $0.00 - $25,000.00
Project Start Date: 07/01/2019
Project End Date: 06/30/2020
Award Announcement Date:
Program Officer: Donna Stallings
Phone: 804-343-5937 x
Email: donna.stallings@vhda.com
 
Maximum Status Report Approval Levels 
 
 
Description
 
 

Funding Announcement:

VHDA Housing Counseling and Education Grant Credit Focus Area

May 2019

 

Funding Purpose: 

REACH Virginia FUNDING OPPORTUNITY: VHDA reinvests a portion of our net revenues into Virginia’s communities through REACH Virginia (Resources Enabling Affordable Community Housing in Virginia). This is a multifaceted resource that VHDA uses to support vital housing initiatives through our Homeownership, Rental and Community Outreach programs.

The intent of Housing Counseling and Education (HCE) Credit Focus Grant is to improve the credit score and financial stability of clients receiving counseling and education services. Grant funds must supplement an agency’s housing counseling program, and not be the sole source of funding.    

Eligibility Criteria:

  1. HUD Approved Local Housing Counseling Agencies, HUD Approved Participating Housing Counseling Agencies, HUD Approved Multi-State Organizations doing business in Virginia, or National intermediaries with Virginia branches are eligible to apply.
  2. Agency must be in good standing with both the VHDA HUD Housing Counseling and Education Grant and the FY19 VHDA Housing Counseling and Education Grant.
  3. Agency must have been awarded FY19 Credit Improvement funds
  4. Agency must be awarded an FY20 VHDA Housing Counseling and Education Grant.

 

Program Parameters:

Approved agencies must comply with the VHDA HCE Handbook and the HUD Housing Counseling Handbook.  

Click on the attachments in the opportunity section of this funding opportunity to access the FY19 HCE handbook for a detailed explanation of the scope of services and requirements under this funding opportunity, disbursement and reporting requirements.

The period of performance for this funding opportunity is July 1, 2019 - June 30, 2020.

Application Process:

Agencies seeking funding should apply to VHDA’s Notice of Funding Opportunity (NOFO) using VHDA’s Grants Management System at https://vhdagrants.com. For questions concerning this program or assistance with application submission, contact Keith Sherrill, Grant Program Officer, at (804) 343-5735.

Application Requirements:

  • Incentive and Control Group Goals
  • Proposed Budget –
    • Agencies that served the total number of clients listed in their FY19 Credit Improvement Focus Area application may request up to $20,000 for the client incentive and a $5,000 stipend. Note, maximum incentive per household is $2,000.
    • Agencies that served less than the total number of clients listed in their FY19 Credit Improvement Focus Area may request the balance of its unexpended funds. Agency is not eliglbe for stipend.
    • Agencies that did not serve any clients under FY19 Credit Improvement Focus Area award period may request up to $10,000 for the client incentive and a $5,000 stipend. Note, maximum incentive per household is $2,000.

 

Approval:

Selected agencies will receive a Grant Award Notification (GAN) and an addendum to their Grant Agreement if approved for funds under the award.  Agencies must return the signed addendum to VHDA with signature by an authorized representative.

All applicants have the option to submit a request at vhdagrants@vhda.com for a debriefing within thirty (30) days of approval or denial.

 

Webex dates:

May 6 - Opportunity Opens

May 9; 2:00 PM - webex

May 31; 11:59 PM - Application deadline

 
 
 
 Attachments
 
 Click on the File Name to open attachment
 
Description File Name File Size
Presentation from the FY20 HCE Funding Announcement Webinar FY20 HCE Funding Announcement Presentation.pptx 2.6 MB
FY20 HCE Handbook HCE Handbook Updated 05-3-19.pdf 438 KB
 
 
 Website Links
 
 Click on the URL to go to website
 
URL Description
https://vhda.webex.com/vhda/lsr.php?RCID=8053368c17cc457aa504a473b804098f FY20 HCE Funding Announcement Training Recording Thursday, May 9, 2019 2:03 pm | Eastern Daylight Time (New York, GMT-04:00)
 
 
 
 
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