The Barnes Fund has committed $19,399,742 to be awarded during the FY24 Round 15 general funding round. Additional funding may become available and applied to Round 15 awards. All funding requests are capped at $4,500,000 per nonprofit with a two-year funding contract. To address barriers to equity and organizational development, 20% of this funding will be prioritized for organizations with operating budgets below $2,000,000 per Barnes requirements. Awards in this category are capped at $1,000,000. Any funding not utilized in this organization prioritization will be reallocated to the broader funding pool or reserved for the next RFP round as determined by the Housing Trust Fund Commission.
If any subsection funding is not used in full, the remainder of those funds will be applied to the larger funding pool by the discretion of the Metro Housing Trust Fund Commission. To meet the scoring threshold for funding consideration, an application must attain a minimum score of 70. Points awarded throughout the application may be awarded in full or proposals may receive partial points in the scoring matrix. Funding recommendations are made by an external review committee. These recommendations can be for full or partial funding for any proposal depending on the pool of proposals and available funding. Recommendations from the review committee are then presented to the Housing Trust Fund Commission for consideration and vote for funding approval before moving on to Metro Council for final approval.
A contract between Metro and awarded applicants will be recorded through a legislative resolution that must be passed by Metro Council. This contract outlines the invoicing procedure (draw requests) for each awarded applicant. Please note the Barnes Fund remits payment on a reimbursement schedule. All work is to be catalogued, invoiced, paid, and inspected prior to the remittance of Barnes funding.
FY24 2025 Application - Round 15 Rental Projects
The Barnes Fund has committed $19,399,742 to be awarded during the FY24 Round 15 general funding round. Additional funding may become available and applied to Round 15 awards. All funding requests are capped at $4,500,000 per nonprofit with a two-year funding contract. To address barriers to equity and organizational development, 20% of this funding will be prioritized for organizations with operating budgets below $2,000,000 per Barnes requirements. Awards in this category are capped at $1,000,000. Any funding not utilized in this organization prioritization will be reallocated to the broader funding pool or reserved for the next RFP round as determined by the Housing Trust Fund Commission.
If any subsection funding is not used in full, the remainder of those funds will be applied to the larger funding pool by the discretion of the Metro Housing Trust Fund Commission. To meet the scoring threshold for funding consideration, an application must attain a minimum score of 70. Points awarded throughout the application may be awarded in full or proposals may receive partial points in the scoring matrix. Funding recommendations are made by an external review committee. These recommendations can be for full or partial funding for any proposal depending on the pool of proposals and available funding. Recommendations from the review committee are then presented to the Housing Trust Fund Commission for consideration and vote for funding approval before moving on to Metro Council for final approval.
A contract between Metro and awarded applicants will be recorded through a legislative resolution that must be passed by Metro Council. This contract outlines the invoicing procedure (draw requests) for each awarded applicant. Please note the Barnes Fund remits payment on a reimbursement schedule. All work is to be catalogued, invoiced, paid, and inspected prior to the remittance of Barnes funding.