SLED Opportunity · MICHIGAN · CITY OF PONTIAC MI
AI Summary
The City of Pontiac seeks proposals from Certified Community Housing Development Organizations to develop two single-family homes using HOME funds, with a $400,000 budget and a required 25% match. The project includes property acquisition, construction, and sale to low-income households.
The City of Pontiac invites Certified Community Housing Development Organizations (CHDOs) to submit proposals to develop two (2) single-family homes using HOME Investment Partnerships Program funds. The total available funding is $400,000.
The selected CHDO will be responsible for property acquisition, construction, and sale
of the homes to low-income-qualified households in compliance with HOME program requirements. CHDO Operating is included in the total cost.
Required Match
As a condition of funding under the HOME CHDO program, the selected CHDO must provide matching funds equal to at least 25% of the total HOME funds requested for this project. For this project, the minimum match requirement is $100,000.
Match Requirements:
The match must be in the form of cash, land, materials, or documented in-kind contributions that directly support the development of the two single-family homes.
The source, amount, and evidence of availability for all match contributions must be documented and submitted with the proposal.
Match contributions must be spent or committed to the project prior to or concurrent with HOME funds drawdown.
The City reserves the right to review and approve the acceptability of match sources.
Failure to provide the required match may result in disqualification from funding consideration or termination of the award.
SLED stands for State, Local, and Education. These are solicitations issued by state governments, counties, cities, school districts, utilities, and higher education institutions — as opposed to federal agencies.
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