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

Status

Closed

Type

Pre-development/Acquisition

Source

Private

Procurement Agency

Private

AKA/Previously Known As

DB SHARE

Total Annual Award

$1.25 million each year awarded to ten agencies for three years.

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.

2016 awards were made. The next RFP will be released in 2019.

Funding Award Details

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.

Amount Details

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

Three years.

Network Notes

Applying organizations must have:

  1. A history of sound financial management
  2. Proof of New York State nonprofit and tax-exempt status
  3. Its headquarters and proposed development located within the five boroughs of New York City

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. Deutsche Bank asks that applicants highlight best practices, innovation and design quality.

For More Information

See Deutsche Bank's website.

John Kimble
Vice President/ Philanthropic Initiatives

john.kimble@db.com

Last updated: 04/22/2018

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