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Both non-profit and for-profit developers are eligible to apply for CSHI funds.
CSHI funds will be made available to selected projects through deferred payment loans. Assuming a project is meeting its CSHI requirements under the applicable legal documents, the deferred payment loan will have no interest or principal payments during its term and will be due in full at the end of its 50 year loan term.
In general, the evaluation criteria for all applications include, but are not limited to, the following:
CSHI uses the OneStop application process, with pre-applications due by the deadline in the current NOFA.
Sponsors who have received authorization subsequent to review of their pre-applications may submit a full application seeking CSHI funds to DHCD by close of business on the deadline in the current NOFA.
The link to the application system is https://massonestopplus.intelligrants.com