On June 30, 2022, CCF issued a Request for Proposals from community-based organizations creating affordable housing, community facilities and/or economic development projects/businesses that will be owned by the community in the form of community land trusts; commercial community land trusts; limited equity coops; worker coops; community investment trusts or other community ownership entities. CCF will provide grants of $150,000 per year for up to four years contingent upon CCF’s availability of funds and grantees’ demonstration of progress. CCF grantees may be able to apply for additional funding for development consultants and partners through a separate TA/Development Assistance Fund. Proposals were due September 14, 2022
About CCF Grants
In many of New York City’s lowest income neighborhoods, residents are working together to organize, inventory potential development sites, and acquire and develop property for community benefit and ownership. Change Capital Fund (CCF) seeks to build momentum for these efforts by providing funding to selected nonprofit, community-based organizations leading efforts to control and operate community assets. CCF will provide core grants of $150,000 per year for up to four years contingent upon CCF’s availability of funds and grantees’ demonstration of progress. In addition to the core grant of $150,000, during this four-year cycle, CCF grantees may apply for additional funding for development consultants and partners through a separate TA/Development Assistance Fund (average $70,000 per year, per grantee).
Projects directed by community members and sustained through community ownership may be developed as permanently and deeply affordable housing, community facilities, and/or economic development projects/businesses. Ownership may be in the form of community land trusts; commercial community land trusts; limited equity coops; worker coops; community investment trusts or other community ownership entities. CCF will prioritize funding for community organizations that are BIPOC-led and serving communities that have been impacted by racial and economic inequities. Grantees will demonstrate progress in organizing community members, developing member leadership, establishing project feasibility, developing community-led plans, and acquiring, developing, occupying and managing property to meet community goals and other requirements.
CCF core grants may be used to cover the costs of staff, overhead, and consultants to support proposed project(s). Grantees will need to secure separate financing for property acquisition/site control and pre-development/development costs. We expect to make about 8 grants in New York City.
Proposal Submission & Evaluation Schedule
This Request for Proposals (RFP) is to select finalists. Representatives of finalists will be interviewed and may be asked for additional information. We expect grantees to be announced by end of 2022. Proposals were due Wednesday, September 14, 2022.
| Thursday, June 30, 2022 | RFP Issued |
| Tuesday, July 26, 2022 3-4 p.m. |
Information Session (Zoom) Watch Recording |
| Wednesday, September 14, 2022 | Proposals Due (First Cut) |
| Mid-October | Finalists announced |
| Thursday, November 3, 2022 | Finalists’ supplemental responses due to CCF |
| November 9, 10, 15, 16, and 17, 2022 | CCF Funder Interviews of Finalists (Please hold these dates for interviews) |
| Mid-December | Grantees Announced |
For more information or questions please contact info@changecapitalfund.org