The Missing Middle Housing Fund supports the creation of new workforce housing projects, and the innovations that reduce the costs to build them at scale.
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Fund Projects

MMHF supports real estate development projects that specifically target residents making 80% - 120% of Area Median Income (AMI.)  As the fund evolves and raises capital, project specific investments may include construction gap financing grants, forgivable loans, nontraditional debt, and/or equity financing.  Eligible projects will:

  • Target workforce rents and/or sales prices, potentially through income restrictions.  At least 50% of the units in the development must target residents making 80%-120% of AMI.  

  • Incorporate at least one significant innovation meant to lower the cost of construction compared to comparable projects by at least 10%.  The level of project support will relate to the demonstrated savings.  

Fund priorities will include those that serve traditionally underserved communities, particularly BIPOC and rural communities; diverse geographies across the investment portfolio; community engagement; and sustainable design.  More specific guidelines and application process will be posted at a later date.  

Fund Innovation

The MMHF supports research and development, prototyping of new designs, technologies, and products, and the creation of new programs that contribute to housing construction cost reduction at scale.  Support will be provided via grants, forgivable loans, and equity investments.  Eligible investments will:

  • Prioritize workforce housing development;

  • Reduce overall development costs by at least 10% relative to comparable total development costs, or at least 15-20% for components of the total development budget;

  • Or directly address a key constraint in the high costs to create workforce housing.

Fund priorities will include those that serve traditionally underserved communities, particularly BIPOC and rural communities; diverse geographies across the investment portfolio; community engagement; and sustainable design.  More specific guidelines and application process will be posted at a later date.

Image by Guillaume TECHER

Incubate and commercialize

As the MMHF grows and evolves, it will establish an incubator to provide services for promising ideas to reduce the total development costs of new housing, at scale.  The MMHF's intent is to help build partnerships, new business entities, and commercial opportunities in the nonprofit and private sectors.  Addressing the housing crisis at scale means testing and evaluating many innovations, and supporting and scaling the ones with most promise. 

Help us Create the Future of Workforce Housing