Skip to Content

Housing Incentive Program Application Process

Competitive Grants (Conversion of units in an existing development)

Eligibility

Conversion of Existing Rental Units:

  • Must be located within the UZO (Urban Zoning Overlay)
  • Existing Rental Conversion Applicants will be entered into a competition to receive HIPP Incentive

Application Process

The Mayor’s Office and other appropriate Metro departments will review applications and will submit a resolution identifying applications that meet the criteria and preferences described below including grant agreements signed by each owner/developer.

The review process will include review of the following information at a minimum:

  • Number of units proposed to be converted
  • Designated range of median household income(s) for affordable/workforce units
  • Existing market rental rates for comparable units
  • Estimated property taxes (See definitions for Opt-in/Conversion Rental Housing)

Preference will be given for projects providing the following:

  • Over 5 units of workforce housing (60 -120 MHI)
  • 2 bedroom units
  • 3 or more bedroom units

Additional consideration may be given to projects that provide the following:

  • Adequate pedestrian connection
  • LEED or other energy efficiency rating certification
  • Partnership with employers to provide employer assisted housing
  • Partnering with a nonprofit organization with a mission of affordable/workforce housing for management
  • Timeline of units available for leasing (within 3 months with first unit guarantee within 30 days of Metro Council approval)
  • Within a mixed-use development
  • Minority, Women, or Small Business Participation. For more information, visit Metro’s Business Assistance Office

Apply for a competitive grant

Non Competitive Grants (New Developments)

Eligibility

  • Inclusionary Housing Ordinance (IHO) Applicants (BL2016-133)
  • New Multi-Family Construction
  • Owner-Occupied Units (For Sale)

Application Process

An application will be provided online for developers to submit their interest in participating in the program. The Mayor’s Office of Housing staff and other appropriate Metro departments will be notified for review.

The review process will include review of the following information at a minimum:

  • Number of units provided and range of income
  • Workforce units proposed comparable to market rate units
  • Location of proposed units
  • Proximity to transportation options, services, or employment centers
  • Partnering with nonprofit or is a nonprofit organization with a mission of affordable/workforce housing
  • Timeline of units on the market
  • Estimated property taxes (amount consistent with development pro forma provided to financial institutions)
  • Minority, Women, or Small Business Participation. For more information, visit Metro’s Business Assistance Office

Apply for a non competitive grant

For more information about the Housing Incentives Program, please contact Adriane Harris.