Grant Guidelines

Your organization must

  • Be located in Massachusetts

  • Be exempt from federal income tax under Section 501 (c)(3) of the Internal Revenue Code

  • Construct or maintain housing for individuals and/or families of low or moderate income

  • Not be a private foundation

  • Not have received a Charlesbank Homes grant in the last 12 months

  • If the request is for maintenance or repairs, provide a capital plan or capital needs assessment for
    the property

Grant requests must be

  • For a Massachusetts project that increases or maintains housing for individuals and families of low or moderate income

  • For construction or repairs and maintenance beyond the property’s standard capital reserves

  • Complete - including all requested documentation

  • Tapping multiple sources of funding

  • For repairs or maintenance, grants are limited to $50,000

  • For new residences, grants are limited to $100,000 for production of 3 or more units, $50,000 otherwise.

We prefer

  • Projects under $10M in total development costs

We don’t fund

  • Operating expenses

  • Capital campaigns

  • Endowments

  • Pre-development costs