DB SHARE provides pre-development grants and loans to nonprofit supportive housing providers.
Tenant Eligibility Criteria
Formerly homeless individuals with special needs.
New York City permanent supportive housing providers seeking funds for a number of uses including: site search and acquisition, design, environmental assessment, costs associated with adopting an energy efficiency design, development of community support strategies and service program methodologies, and project management.
$1.25 million each year awarded to ten agencies for three years. Each grant recipient receives a three-year award of $125,000 per year for a total of $375,000. The annual award amount consists of a $85,000 project-specific grant and a $40,000 recoverable grant to be repaid within three years of disbursement (the three loan installments must be repaid in years four, five and six, respectively.)
Grants are for three years.
- A new DB SHARE RFP is expected to be released in Fall 2019.
- In its first six funding cycles, Deutsche Bank Americas Foundation's SHARE program granted awards to 59 organizations developing and preserving over 7,000 supportive housing units. Awards are made available every three years. DB SHARE 7 was announced in the fall of 2016. The next RFP will likely be released in 2019.
- To submit a competitive application, Deutsche Bank recommends that the applicant have (or be close to obtaining) site control. Letters of interest should evidence resources such as land, funding and development partners that are committed in support of achieving plan objectives. Less experienced organizations are recommended to partner with well-established nonprofit or for-profit allies.
For More Information
Community Development Finance Group
Last updated: 08/27/2019