One of the most common reasons we see communities not go after grant funding is because they are overwhelmed by match requirements. They say, “We can’t possibly apply because of the 50% match requirement!” Our response is hogwash. Finding match funding only requires thinking creatively and collaboratively. Here are some ideas for you to consider:
Leverage past grants. We never apply for a grant that doesn’t help leverage securing another one. What we mean by this is that when we’re preparing the first grant of several pursuits, we make it clear in the narrative that awarding us funding will help secure the next grant. Your application becomes more compelling when you can show how a funding agency’s investment leverages additional dollars.
For instance, our team helped the Native Village of Huslia secure $550,000 from the Alaska Housing Finance Corporation for rural housing. We delayed construction for a year to leverage that award...