Week 5 Grant Writing

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Feb 20, 2024

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The importance of grant guidelines are the directions for composing the grant application. The guidelines specify everything that is needed to compose the application. Another important rule is never starting the proposal until you have read the guidelines. Aside from the proposal the cover letter or title page is important because it will introduce the non-profit, the project they are trying to pursue, the cost needed for project, and the purpose and goals to help the issues that the non-profit is trying to fix. Executive summary/Abstract Explanation- Executive summary outlines the project in a well detail condensed synopsis. It’s a summary of the most important areas of the proposal, by addressing the needs of the organization, the structure of the organization, the financial need, and the impact it will have on the customers. The mission of the organization is to enable, empower, educate, and support the community in its efforts to revitalize and maintain its foundation through: Education, Supportive Housing Program, Workforce & business Development Program, and Mental Health & Wellness Awareness. We are writing to request the amount of $255,000 for general expenses and operational expenses. Executive Summary must be clear, concise, and persuasive with: The organization “who” Program objectives and goals “what you do” A description of the problem “the need” A few key descriptions of the programs Why the program is key/unique The structure of the organization, program, and project Examples of Executive Summary/Abstract FHCDC is currently the only housing program in the area that specifically serves the Black and Brown disadvantaged families due to the racial disparities in homelessness, homeownership, and affordable housing. “Closing the Racial Gap Program” was deigned in December of 2022 to bridge the racial gap in homeownership with solutions that recognized the history of discrimination and the current issues of affordable housing. Since the inception of the program the project has served black and brown families. Due to the racial gaps and discrimination in lending for home buyers we have a need for specify programs to bridge the gap for fair lending but lack funding to provide the services and education. The program strives to give more of the families a chance at homeownership through the first-time home buyers program, affordable housing programs, and credit counseling programs. Last year, FHCDC achieved its goal by assisting a total of 137 families with one of the housing programs. We are on track to help 67 families become 1 st time homeowners. Applications continues to grow, please consider assisting us so we can continue to assist families with housing on multiple levels.

Background Explanation- The background is the main pillar of the research plan by providing the information and discoveries relating to the research question. By justifying the research question and the importance of the outcome it should include research data, journey, peer reviews, problems, and relevance of detail as to the research goals. Examples of Background FHCDC coordinated the work of the “CTRGP” and prepared members with relevant data and research. FHCDC will staff researchers and analysts at Urban Institute and Howard University, with facilitation and engagement support provided by Justice & Sustainability Associates. In addition, the FHCDC engaged residents who have used Maryland’s HA homeownership programs to purchase their first home but also those who have sought to buy a home and have yet to achieve this goal. This goal is a first step in undoing the legacy of discriminatory housing laws that locked many Black families out of homeownership. This is about helping Black families to buy homes, but it is also about helping them to build generational wealth, stay in PG County, MD for generations to come, and benefit from the prosperity of the community. To address the issues of disparities of Black families of purchasing homes. This grant will be used to assist families many who identify as Black, to purchase their first home. The $300,000 dollar grant will assist with down payment assistances. Residents who qualify are encouraged to take advantage of this program. Also, assist individuals from multi-generational families with maintaining their home after purchase with the Heirs Property Legal Service offered through our partners. Expanding sustainable opportunities for Black families to become homeowners will require innovative ideas from this dedicated group of experts. Homeownership is an indispensable wealth-building tool and I’m confident that with the expertise and commitment represented among FHCDC we’ll be able to close the persistent racial wealth gap and improve the economic futures of not only Black families, but all of PG County, MD.” Methodology Explanation – The methods section is where you describe the intend stated and how to research goals and the anticipated outcomes. The purpose of methodology is to describe your “how”. How the grant will be implemented and how the funds will be used. Methodology examples Recommendation 1 – To assist in the inter-generational transmission of homeownership for Black homeowners, the Bridge the Racial Gap Program recommends that the organization provides estate planning resources and legal services to assist with the transfer of ownership to homeowners and heirs. Additional financial incentives should be considered to support the transfers such as tax savings, reduced transfer fees, or a bridge loan to Black homeowners to support interfamily (or to owner- occupant homebuyers) transfers/sales of property. To support Black homeowners who are severely burdened by housing costs to remain in their homes, also to provide resources to Black families struggling to make home repairs, and to discourage conversion of older housing stock into housing that is unaffordable for Black homebuyers and to ensure quality housing rehabilitation.

Recommendation 2 – To support quicker delivery of affordable homeownership units, to broaden awareness of programs that support homeownership, and increase the ability of Black homebuyers by using: Establish a certified lender (and realtor) pool for “CTRGP” so that the preference towards loans that have zero down and zero closing costs Increase the amount of down payment assistance available to homeowners and/or where possible to buydown the interest rate Provide residents with a pre-certification ensuring their ability to proceed with bidding on homes for purchase Leverage other private and public down payment assistance and grants Streamline underwriting guidelines with federal financing. Allow rental payments to be considered for establishing credit. Allow for the purchase of 1-4 units for the purpose of helping owners afford the home and generate wealth for the future Provide a comprehensive homeownership training program for buyers, sellers, appraisers, contractors, lenders, realtors, title and settlement companies. Evaluation Explanation – The evaluation process perhaps is the most important part of the application for grant. It helps to evaluate the program, give critical feedback, tell you what works, how well it works, and how to improve it. The proposal must have the evaluation of the project and when the project will start and end and how well good or bad the project meets its goals. Evaluation examples Currently, program facilitators administer both a pretest and posttest in order to measure what information is learned by the FHCDC housing program. At the end of each quarter, we also ask participating families to complete a survey to assist with the evaluation so we can continue to find ways to improve the program. The Closing the Racial Gap Program is also regularly evaluated by an outside panel of evaluators. Our goals are to create more housing opportunities for Black and Brown families, the program coordinator is working to develop a high level of evaluation to process in order to measure the long-term impact of the housing program through FHCDC. Conclusion Explanation – In the conclusion section you can restate the purpose of the grant proposal and outcome to be expected. With summarizing the key points and using persuasive writing skills to make funder wanting to make the project come to life. Also, thank the funder for the opportunity to apply for the grant. Last include contact information for your organization. Conclusion Examples FHCDC has a variety of opportunities to support the community with a one project focused on bridging the racial gap in home ownership. Home buyer programs that serve the black and brown communities

due to the history of discrimination, inequity, and the current affordable housing issues. The NAR’s reports confirm that Black Americans are locked out of homeownership now more than ever. The rate of Black and Brown Americans purchasing homes at a lower rate than a decade ago, black and Hispanic buyers are hit with obstacles in the homeowner purchasing process. FHCDC is dedicated to helping families obtain healthy, sustainable, and affordable homeownership. We advocated for fair and equal lending for families. Our goal is to reverse the years of discrimination and exclusion against the minority communities and start to narrow the path on the racial homeownership and wealth gaps. Racial gaps in homeownership continue to widen as home growth hits new record-breaking heights. While the upward surge increases the net worth of homeowners it also magnifies the racial disparities to create wealth accumulation for Blacks families and families of color. In 2010 it was 44.2% and n 2020 it fell to 43.4% per NAR. The first quarter of 2022 Black homeownership is at 44.7% as the opposed white households is at 74% and the Hispanic is 49.1%. This create and issue for the Black community where they are economically left behind and socially behind. Not being able to participate in wealth creation it leaves the Black community economic stratification and inequality. Steps can be taken to begin to rectify the issue, we ae looking for Grants to contribute to communities of color to level the playing field is a great starting point. Create fair and equitable investment in communities and other basic infrastructure to be prioritized for a socioeconomic lens. Offer credit programs with less discriminatory impact. Providing housing and financial counseling, lending/underwriting, real estate development and services as well as other organizations and representatives that address social and racial equity. HPAP programs to support homeownership for low-income residents also provide Heirs Property Legal Services to assist families with maintaining their property once purchased. “ACT” plan “Accountability, Culture Change, and Training” to advance fair housing.

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