Lead-Safe and Healthy Homes Financing Demonstration

This funding opportunity supports the establishment of a National Fund Manager (NFM) to design and administer a Lead-Safe and Healthy Homes Fund Demonstration. The purpose of this initiative is to create the first national financing facility that agg

This program supports the creation of a National Lead-Safe and Healthy Homes Financing Fund to help communities reduce residential lead hazards and prevent childhood lead poisoning. Through this initiative, HUD will select a National Fund Manager to raise and combine public and private funding and make those resources available to local organizations working to make homes safer and healthier, particularly for low- and moderate-income families. The program serves community development organizations, local governments, housing providers, and other partners that assist homeowners and landlords in addressing lead-based paint and related housing health hazards. By leveraging private sector investment alongside federal funds, this initiative expands the resources available for lead hazard control beyond traditional grant programs.

To be eligible to be the National Fund Manager, the applicant must meet the following conditions: • The applicant must be a Community Development Financial Institution (CDFI) certified by the U.S. Department of Treasury CDFI Fund. Additional Information on Eligibility Other: In addition to the entities listed above, CDFI organizations are eligible to apply for funding under this NOFO who can demonstrate knowledge, skills and experience in but not limited the following areas: • Have experience serving as a fund administrator, including designing and implementing mission-driven funds, especially in the housing sector; • Have relevant home repair program knowledge and experience; lead-safe and lead abatement program experience preferred; • Have a history of lending in disadvantaged communities; • Demonstrate financial strength and stability; • Ability to fully capitalize the fund, leveraging public investment by at least 4-to-1 over 3 years; • Demonstrate clear support from their Board of Directors; • Demonstrate a commitment to racial equity and social justice and an understanding and recognition that low-income and minority communities bear a disproportionate burden of lead exposure.

Review Criteria 1. Capacity of the Applicant and Relevant Organizational Maximum Points: 40 Experience 2. Soundness of Approach Maximum Points: 50 3. Experience Working with Underserved Communities Maximum Points: 10

Assistance is awarded competitively by HUD's Office of Lead Hazard Control and Healthy Homes (OLHCHH). Applications are reviewed against rating factors such as capacity, fund administration experience, and financial stability. HUD makes the final award decision and notifies the selected applicant, who will serve as the National Fund Manager (NFM).

This accounts for the time from application submission to HUD's final award determination and notification to the selected National Fund Manager.