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Deutsche Bank Supportive Housing Acquisition and Rehabilitation Effort (DB SHARE)

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Status: Closed

Type

Pre-development/Acquisition

Source

Private

Procurement Agency

Private

Summary

DB SHARE provides pre-development grants and loans to nonprofit supportive housing providers.

Tenant Eligibility Criteria

Formerly homeless individuals with special needs.

Eligible Applicants

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.

Amount

$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.) 

Term

Grants are for three years.

Network Notes

For More Information

See Deutsche Bank's website.

Contact

Deutsche Bank
Community Development Finance Group

Last updated: 08/27/2019

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