Capital Improvements for Non-profit Housing (CINH) - (Closed)
The City of Madison is offering a new round of funding under the Capital Improvements for Non-profit Housing (CINH) Program!
CINH provides grants to help non-profit housing providers who own properties that primarily serve households with incomes at or below 80% of Dane County’s Median Income (CMI) make improvements to those properties. The City will use approximately $2,000,000 of its Community Development Block Grant (CDBG) funds to support this round of CINH grants.
Eligibility and requirements under the CINH program:
- Funds are available only to organizations established as non-stock corporations organized under Chapter 181 of Wisconsin Statutes that are in compliance (in good standing) with the Department of Financial Institutions (DFI).
- Agencies must own the properties for which they are seeking rehabilitation support.
- Non-profit housing providers that previously received a CINH award are not eligible to apply for this round of funding.
- Housing providers must maintain that at least 51% of housing units that will benefit from a CINH grant are rent- and income-restricted to households with incomes at or below 80% CMI for at least 5 years after the project is complete.
- Non-profit agencies must comply with all applicable federal and state guidelines (ex: Davis-Bacon Act, Uniform Relocation Act, etc.).
- Applications will be accepted until 5pm on the following dates: September 15th and October 15th.
- Any application received after the 5pm deadline on September 15th will be evaluated with those received by 5 pm on October 15th.
- Applications received after 5pm on October 15th will not be accepted.
- Applications will be processed on a first come, first served basis.
- The maximum amount that can be requested is $500,000.
For more information, please review the CINH Program Guidelines updated 8.13.2024
To apply please fill out the CINH Program Application
Please note: The CINH program has a budget of $2,000,000. Once funds are exhausted, applications will no longer be accepted.