The Home Matters Arizona Fund – US

Deadline: 15-Jul-21

Applications are now open for the Home Matters Arizona Fund to seek projects that align with the values established by the Home Matters national movement.

The Fund will prioritize and fund promising projects positioned to demonstrate measurable and positive outcomes focused on specific populations, geographic areas and the community at-large.

The Home Matters Arizona Fund was developed by Arizona’s Managed Care Organizations in 2020 to increase the supply of affordable housing that includes elements that connect communities and support healthier individuals, families and economies across the State of Arizona, and shift the housing market toward sustainable affordable housing solutions, including housing for Medicaid-eligible individuals.

Funding Information

This application can be used to request a grant, loan or both depending on the project need. Awards will be offered based on available funding.

Grants: Most grant awards will be for between $100,000 and $500,000.
Loans: A loan pool of up to $35 million is available at an interest rate of 3-4% for a term of up to 7 years.

Eligible Projects

The Home Matters Arizona Fund is intended for affordable housing projects that serve families or individuals earning up to 80% AMI. Mixed income properties will be considered based on the income distribution of units.
Projects should demonstrate a deliberate connection to community assets, cross-sector partnerships, equitable outcomes based on housing justice, all as demonstrated by genuine community engagement. For example:
- Healthy food retailers that accept food assistance programs like WIC and SNAP
- Employment centers that match resident skills
- Active transportation facilities and public transit
- Schools, childcare or senior centers (where applicable)
- Medical facilities, such as federally qualified health centers
- Public libraries
- Parks or community centers
- LEED and Fitwel standards
- Places of worship