With a focus on leveraging housing as a platform to ensure access to social services opportunities for low-income families, National Affordable Housing Trust (NAHT) is proud to announce the closing of Holly Park. Equity financing for the renovation of Holly Park Apartments is being provided by the Strong Families Fund (SFF). SFF uses a Pay for Success model to include Resident Service Coordination (RSC) as a part of the development plan. This model requires the collection and analysis of impact outcomes from the RSC efforts with residents of Holly Park.
The Joint Center for Housing Studies at Harvard University recently released its annual report on the state of America's rental housing, which finds that a decade of unprecendented growth in the rental housing market may be coming to an end. Fewer new households are being formed, rental vacancy rates have risen, and rent increases have slowed. At the same time, renter demographics are changing and affordability challenges remain. Nearly 21 million households continue to pay more than 30 percent of their income for rent.
A new report from the Bipartisan Policy Center, which references the work of SAHF members, shows the potential of the Low-Income Housing Tax Credit (LIHTC) to improve health behaviors and outcomes for residents. According to the report, LIHTC investments have not only provided social, economic, and educational benefits for families and communities, but have also led to improved health outcomes.
Community Housing Partners (CHP) took home top honors for the second year in a row at the Virginia Energy Efficiency Leadership Awards in the Low-Income category for a deep-energy retrofit at Sun Valley and The Landings near Radford, Virginia.
Families at the property are benefiting from the Strong Families Fund initiative. Using affordable housing as a platform to ensure access to social services for low-income families is the core of the initiative.
Tapestry on the Hudson supports the city’s goals of redeveloping its blighted historic buildings and providing needed new housing. At the same time, developer The Community Builders (TCB) has created one of the region’s greenest buildings.
In August, SAHF member Volunteers of America (VOA) celebrated the grand opening of Hope Manor Joliet, a new 67-unit apartment complex for struggling veterans in Will County, Illinois. The three-story complex, which includes a computer lab, community room and play area for kids is the first large-scale, supportive housing development in Will County. Providing veterans with "an amazing place to live and raise their families as they pursue the American dream that they fought so hard to preserve for the rest of us" is the "least we can do," said Nancy Hughes Moyer, president and CEO of VOA of IL.