THDA will host an application webinar for the 2023 Challenge Grant program on June 1 from 10 to 11:30 a.m. CT. The Challenge Grant provides initial seed funding to support the fundraising efforts of nonprofit organizations to implement housing activities that represent unique milestones, are part of a broad community initiative, or are part of a significant expansion of work outside the normal day-to-day activities of the organization. Selected proposals must generate cash leverage of at least 300 percent within nine months of THDA’s commitment of resources. THDA has allocated $500,000 to this program for 2023. The maximum grant award is $500,000 and the minimum grant is $50,000.