Funding Sources & Applications
Annually, Bucks County receives Community Development Block Grant (CDBG) funding from the Department of Housing and Urban Development (HUD). The program focuses on benefiting low- and moderate-income persons, aiding in the prevention or elimination of slums and blight, and/or meeting community urgent needs. Eligible activities include acquisition of real property, demolition and rehabilitation of structures, construction of public facilities, provision of handicap access, historic preservation, community planning, and energy conservation. See more information on CDBG here.
Bucks County receives an annual grant from the federal government to help it address homelessness and related issues. The county allocates the funds to local agencies involved in the provision of shelter and services to homeless populations. The main program objectives include improving the quality of existing emergency shelter facilities and quality of services, funding housing location efforts for those experiencing homelessness, and funding rapid rehousing programs to quickly end episodes of homelessness. See Housing Link for more information. Eligible activities include renovation, rehabilitation, or conversion of structures, provision of essential services, homeless prevention efforts, and operation of shelter facilities. Funding applications are available on or about December 1st and are due at the Department on the first Friday of the year.
The HOME program seeks to expand the availability of affordable housing for low income residents through partnerships between the public and private sectors. Eligible program activities include the acquisition, demolition, rehabilitation, or new construction of affordable units to the target groups. In addition the program also seeks to provide homeownership and tenant-based rental assistance. For Low-Income Housing Tax Credit Projects, applications are accepted on a rolling basis based on the availability of funds.
The Bucks County Housing Trust Fund broadly supports efforts that promote affordable housing in the County. It's mainstay program is the First Time Homebuyer program (referenced above) and serving as gap financing for affordable housing development (when it is considered in conjunction with HOME funds). The approval of any Housing Trust Fund application is subject to the availability of funding.