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Greater Rochester Housing Partnership
Greater Rochester Housing Partnership
Amount
Varies
Deadline
Rolling
Odds
Not published
Effort
1 to 2 hrs
Can you get this?
✓Project must be in Rochester, NY region
✓For for-profit and nonprofit developers
✓Project must support affordable housing
✓Supports single-family, multifamily, or mixed-use projects
Your real odds
GRHP has funded 25 predevelopment loans and financed over 3,260 units, so the track record is real but the lending is selective.
This is a CDFI loan, not a grant, and approval turns on your project's financials and feasibility rather than a competitive cycle. Rolling submissions mean timing is flexible, but the underwriting bar is the same whenever you apply.
What it takes
Review loan products on their website1 to 2 hrs
Call GRHP to discuss your project1 call
Prepare project and development documentation1 to 3 wks
Worth knowing
The predevelopment loan is designed to cover design and feasibility costs before your project is fully capitalized, which makes it one of the few tools that can fund the work required to unlock other financing.
What else do you qualify for?
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