What Organizations Can Apply for TEO Sub-Award Funding?
Eligible tenant organizations or other community-based nonprofit organizations that serve or propose to serve at least 25 units of one or more HUD Multifamily housing developments where at least 75 percent of the units PBRA funding. Eligible organizations include:
Tenant-affiliated, non-profit Community Based Organizations (CBOs) that serve or propose to serve one or more Section 8 PBRA properties eligible for TEO assistance in their community, city, metropolitan area, neighborhood, or state, may apply for a TEO sub-award.
Established or newly-formed tenant organizations are eligible if they are a “legitimate tenant organization” under 24 CFR Part 245.110, a group of three or more PBRA tenants that meets regularly, operates democratically, represents all tenants in the development, and is completely independent of property owners and management.
To see if your multifamily affordable housing community is eligible, you can check here or contact AHF/MAHT at 617-522-5133 or TEO@saveourhomes.org.
To receive federal TEO sub-award funds, a CBO or legitimate tenant organization must also possess an organizational bank account at a licensed financial institution. Under no circumstances will sub-award funds be disbursed into a bank account belonging to an individual member or employee of the sub-awardee organization or to a money transfer app (i.e., Walmart Pay, Venmo, Paypal, Zelle or Cash App). Applicants may submit an application before they have an organizational bank account set up, but if selected, cannot receive the funds until they provide their organizational bank account details. Sub-awards may be terminated if the sub-recipient fails to set up an organizational bank account promptly.
Joint applications. Newly-formed tenant organizations may apply on their own or submit a joint application with another, more experienced tenant organization or tenant-affiliated CBO. If sub-applicants are unsure whether they’re ready to manage a sub-award, they are encouraged to seek out partnership through a Memorandum of Understanding or Letter of Agreement with another organization in their area with similar goals or experience conducting eligible activities.
Ineligible applicants. Current or prospective property owners, management agents, or subsidiaries or principals of owner entities that own or manage multifamily assisted housing, are not eligible to apply, including resident-owned cooperatives or resident-controlled nonprofit owners.