Rental Development Funding

Primary Goal

The primary goal of this program is to increase the inventory and availability of affordable housing to the residents of Oakland County. The key focus is in expanding such developments into geographical areas (Cities, Villages, Townships) that currently have low availability of affordable rental housing. While geographical expansion is the key focus, the area must also have access to supportive services to sustain the development such as but not limited to walkability to potential jobs, groceries, and other amenities as well as access to transportation.

Given the above primary focus, the program is interested in mixed use and multi-income developments.

Current Guidelines

Available Funding & Maximum Award

• Maximum project subsidy limits are based on the availability of funding and other County priorities.
• The County establishes the maximum cap on its investment in a single development.
• The County will award either one $1,000,000 award or two separate $500,000 awards.

Please Note

• If you need assistance with housing issues, please contact the Oakland County housing counseling team at (248) 858-5402.
• Applicants should note that HUD imposes separate per unit subsidies that are more fully explained in the Program Guidelines.
• To qualify as affordable housing, HOME units must be rented to support households at or below 60% Area Median Income (AMI) which is approximately $53,700 for a family of four.
• Development opportunities must be within the 56 communities of the Consortium which is depicted on page 2 of the HOME Consortium Communities.

The Oakland County Consortium (The Consortium) is a recipient of HOME Investment Partnerships Program (HOME) funds from the U.S. Department of Housing and Urban Development (HUD). The availability and use of these funds is subject to Federal HOME regulations (24 CFR Parts 91 and 92) and any amendments thereto, including the final regulations published by HUD in the Federal Register on July 24, 2013, and is further subject to the County's policies and program requirements. The HOME Program is the largest Federal block grant to state and local governments designed exclusively to create affordable housing for low-income households. As lead agency for the Consortium, Oakland County (the County) is releasing this Notice of Funding Availability (NOFA) to provide gap funding for the newly acquired and constructed or rehabilitation or preservation of affordable multi-family rental housing in the Consortium area.

How to Apply

Please Note: This page is not for rental assistance. If you are looking for housing assistance, please contact the Oakland County housing counseling team at (248) 858-5402.

• Applicants should review and become familiar with the County's formal Rental Housing Program Guidelines. Submissions will be scored based on compliance with the requirements set forth in those guidelines.
• The Submission consists of collecting all required proposal materials in a binder and electronically on a flash drive.
• Please note - there is no formal application to fill out.
• All applicants must submit the application cover sheet and required materials in compliance with the parameters set forth in the program guidelines.
• Applications must be received and date stamped by the County no later than Friday, January 13, 2023. Submissions may be mailed, or hand delivered by 12:00 p.m. on Friday, January 13, 2023.
• Please be sure that the applications are sealed and properly labeled.
• You may contact Oakland County Neighborhood & Housing Development for questions by emailing nhd@oakgov.com or calling (248) 858-0493.

Subscribe for the latest information on Rental Development Funding