The Town of Windsor is announcing the availability of up to $500,000 from the Town’s Inclusionary Housing Fund to assist with the development of affordable housing units within Town limits. Inclusionary Housing funds come from “in-lieu” housing fees paid by developers of market-rate housing projects pursuant to the Town’s Inclusionary Housing Ordinance. The Ordinance requires developers to either construct affordable housing units as part of their project, or pay a defined inclusionary housing in-lieu fee. Collected in-lieu housing fees are deposited into the Inclusionary Housing Fund, which are then used to assist with the preservation of existing affordable housing units and to assist with the development of new affordable housing units.
Applications for funding are being accepted through Thursday, March 8, 2018. Eligible projects include: construction or acquisition of permanent for-sale affordable housing and affordable rental housing; acquisition of land to provide sites for the purpose of development of affordable housing; or the provision of transitional housing.
A “Notice of Funding Availability” detailing application requirements, the criteria that will be used for evaluating applications, and important dates is available on the Town’s website:
Interested persons should contact the Town’s Community Development Director, Ken MacNab, by phone at (707) 838-5335 or by email at firstname.lastname@example.org for additional information.