Portfolio Stabilization Grants
Portfolio Stabilization Grant
The Portfolio Stabilization Grant (PSG) is a one-time grant, financial assistance program administered by DC Housing Finance Agency (DCHFA), designed to help affordable housing providers stabilize properties facing operational stress due to increased receivables.
All affordable housing properties with units financed by HPTF, LIHTC, HOME, CDBG or other funds and consisting of at least twenty (20) units. Priority will be given to projects on DCHFA’s watchlist and non-watchlist 4% LIHTC deals.
Properties that are in bankruptcy, receivership, conservatorship and/or foreclosure would be ineligible for assistance under this program.
Properties that are not in compliance with DCHFA post-closing requirements are ineligible for assistance until such property is brought into compliance.
The property must have had a physical inspection after the receipt of funds or have had a physical inspection within the past six months. If this inspection results in the discovery of any housing code violations, the Housing Provider will have 90 days to fix the violation. If the violation is not fixed within 90 days, the grant must be returned.
The grant funds must be used to stabilize operations and for capital expenditures. Housing providers must actively pursue rent collections, enforce leases, and take action on eviction proceedings for delinquent tenants. Compliance with DCHFA’s reporting and inspection requirements is essential, and records must be maintained for five years. The application period for PSG is from December 10, 2024 – December 27, 2024, with disbursements expected to begin on or around January 13, 2025. To apply, housing providers must submit a range of financial and legal documentation, including a business license, W-9, balance sheet, and eviction log.
Full PSG Guidelines
To apply, you must send a separate email to PSG@dchfa.org for EACH individual property with ALL of the documents listed on this check list here.
- DCHFA PSG Agreement ( The agreement is nonnegotiable )
- Property Information Template
FAQ
All affordable housing properties with units financed by HPTF, LIHTC, HOME, CDBG or other funds and consisting of at least twenty (20) units.
Properties that are in bankruptcy, receivership, conservatorship and/or foreclosure or are not in compliance with DCHFA post-closing requirements are ineligible for assistance.
Awards will range from $50,000 to $250,000. Projects will be awarded a flat amount based on unit count and severity of need.
Disbursements are expected to begin around January 13, 2025.
Funding must be used to assist with accounts receivables/payables. PSG funds cannot be used to reimburse sponsorship capital expenditures or investments.
Please see PSG guidelines attached. Applications should be submitted via email at PSG@dchfa.org.
Payments will be sent via wire payment.
Projects are required to complete a physical inspection, if an inspection has not been completed at the project within the past six months.
The application period will be open from December 10 – December 27, 2024.