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"Homelessness has long been a chronic problem in New York City, and as the city continues to face an unprecedented homelessness crisis, the City is taking steps to ensure that all New Yorkers have a safe place to stay at night," Mayor Eric Adams said in a statement announcing the creation of a $15 million revolving shelter fund.
The fund will help finance the construction of new shelters and the rehabilitation of existing shelters, the New York Daily News reports.
"One of our primary goals outlined in our Housing and Homelessness Plan was to replace dilapidated and dilapidated shelters with high-quality facilities," Adams said.
"This public-private shelter fund is an innovative solution that will further alleviate our communities' housing problems by providing much-needed funding that bolsters the ability of nonprofit homeless service providers to own, operate, and build shelters."
The fund will provide loans of up to 130 percent of the cost of the project to cover site acquisition and other costs, and will return the money to the fund to support multiple projects over time.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Part-time seasonal position supports the Professional Apprentice Program.Responsible for managing daily operations, coordinating with departments, and providing administrative support to ensure the...more
Paul D'Alessandro, J.D., CFRE, is a vice president at Innovest Portfolio Solutions.He is also the founder of High Impact Nonprofit Advisors (HNA) He's the author of "The Future of Fundraising: How...more
Foundation: Hewlett Foundation
9 things to know about Bezos Earth Fund's Tom Taylor.Taylor is an AC/DC fan, a meditator and is accustomed to overseeing profit-and-loss statements of "hundreds of billions of dollars" His LinkedIn...more
Foundation: Newman's Own Foundation
The Indigenous Tomorrows Fund (ITF) is a participatory grantmaking initiative.18- to 24-year-olds connected to Indigenous communities will award up to 24 grants of $30,000 for a 12-month term.The ITF...more
Gators legend Chris Doering spoke with Gators Online about his outlook for Florida heading into the 2025 season.Florida Gators coach Billy Napier assesses his team talent for 2025 and reveals what...more
Former NFL quarterback Brock Osweiler was inducted into the Montana Football Hall of Fame in 2024.The Kalispell Flathead alumn hasn't forgotten where he came from, and the state has never forgotten...more
Foundation: Ameriprise Financial
Ameriprise Financial announced nearly $2 million in donations to over 85 nonprofits across the U.S. as part of its first round of 2025 grants, along with $1.58 million in matching gifts from...more
Sustainergy is a worker cooperatives based in Cincinnati, Ohio.The co-op was founded in 2013 by two first generation immigrants.It provides free energy assessments for over 5,000 Cincinnati...more
Foundation: Headwaters Foundation for Justice, MacArthur Foundation, Marguerite Casey Foundation, Marguerite Casey Foundation
This imbalance is all the more jarring given that Native communities are reeling from the Trump administration's draconian spending cuts.Funders with a track record of supporting Native American...more
Sphinx Works to Diversify the World of Classical Music as Funding Contracts.Sphinx has launched six successful classical ensembles, commissioned nearly 100 works by composers of color, and grown an...more
Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
