The White Mountain Apache Housing Authority (WMAHA) has reached the $1 million mark in grant awards for its seventh tax credit development.
Not only did WMAHA win a Capital Magnet Fund (CMF) award of $562,500 — they most recently received a $440,000 AHP grant for their seventh Low Income Housing Tax Credit (LIHTC) project!
“$1 million in grants for this project is a huge help to us. We are rehabbing and building a total of 44 homes in Cibecue on the Fort Apache Reservation,” said Victor Velasquez, executive director of WMAHA. “We have many families who are excited to move into their beautiful, new homes. This project will change lives in the Cibecue community.”
The Federal Home Loan Bank of San Francisco awarded the grant through its Affordable Housing Program (AHP).
The AHP is a competitive program that awards grants and loans to support affordable housing. Housing authorities use the extra money to lower or erase the need for their contributions. View a summary of awards here.
In addition to the 44 homes, the housing authority is building a new community center. The center will host classes open to all tribal members on topics like personal finance, job training and nutrition. Read more about the project here.
If you are interested in securing money for your project, please email us today, and we can discuss opportunities like these.