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The Board provides feasibility awards to assist with pre-development costs and feasibility analysis for individual projects. Feasibility funds typically cover the costs of appraisals, energy assessments, marketing studies, options, engineering and environmental studies, or other pre-development costs.
Housing projects in the early stages of development are eligible for Feasibility Grants of up to $20,000 for a single project to cover feasibility related expenses and up to $25,000 for scattered site projects containing more than two separate sites. Funds can only be used to compensate contracted services and may not be used to compensate applicants for staff time.
Conservation applicants may request up to $10,000 as a grant for a single project to cover feasibility related expenses. Funds can only be used to compensate contracted services and may not be used to compensate applicants for staff time.
These awards are instrumental in helping grantees bring projects to the development stage. Applications for feasibility funding are reviewed as they are received and are not subject to application deadlines.
To apply, see the VHCB Policy for Feasibility Funds.