THE SOMERVILLE COMMUNITY CORPORATION INC
Programs
Program 1 [2020]
RENTAL PROGRAMS - FIVE OF SCC'S RENTAL HOUSING DEVELOPMENTS ARE OWNEDDIRECTLY BY SCC: THE 12 ONE AND TWO-BEDROOM UNITS AT 110 WALNUTSTREET; THE 6 THREE-BEDROOOM UNITS AT 109 GILMAN STREET; THE 18 TWO,THREE AND FOUR BEDROOM UNITS AT 33 BOW STREET; THE 14 SINGLE ROOMOCCUPANCY UNITS ON SEWALL STREET; AND THE 8 ONE AND TWO-BEDROOM UNITSAT 75 CROSS STREET. ALL OF SCC'S RENTAL PROPERTIES, INCLUDING 161 UNITS OWNED THROUGH LLCS, ARE MANAGED BY WINGATE MANAGEMENT COMPANY, UNDER CONTRACT WITH SCC.GeographiesNot indicatedDatesJan 1, 2020 – Dec 31, 2020Source990No causes providedNo populations provided–$3.1MProgram 2 [2020]
HOUSING DEVELOPMENT - FOR A COMMUNITY TO BE SUSTAINABLE, THERE MUST BEHOUSING OPTIONS AVAILABLE TO PEOPLE OF ALL INCOME LEVELS. IN ORDER TOKEEP SOMERVILLE ECONOMICALLY DIVERSE, SCC BUILDS AFFORDABLE RENTALHOUSING, CREATES HOMEOWNERSHIP OPPORTUNITIES, AND DEVELOPS RETAILSPACES. SCC HAS PRODUCED OVER 110 UNITS OF AFFORDABLEHOMEOWNERSHIP, BEGINNING ITS DEVELOPMENT ACTIVITIES BY PURCHASINGDILAPIDATED 1-3 FAMILY HOMES, REHABBING THEM, AND RESELLING THEM TOMODERATE AND LOW-INCOME BUYERS. MORE RECENTLY, SCC DEVELOPED TWOCONDOMINIUM PROJECTS WITH A TOTAL OF 23 UNITS BETWEEN 2001 AND 2006. SCC OWNS 219 AFFORDABLE RENTAL UNITS IN 7 SITES THROUGHOUTSOMERVILLE, INCLUDING THE 84-UNITS SAINT POLYCARP VILLAGE, COMPLETED IN 2014. IN LATE 2016 SCC COMPLETED ITS MOST RECENT LOW INCOME HOUSING TAX CREDIT PROJECT AT 181 WASHINGTON STREET, THE FORMER BOYS AND GIRLS CLUB PROPERTY, DEVELOPING 35 NEW AFFORDABLE RENTAL APARTMENTS AND GROUND LEVEL COMMERCIAL SPACE.IN THE FALL OF 2017 SCC BROKE GROUND ON A NEW 11 UNIT HOME OWNERSHIP DEVELOPMENT - 8 AFFORDABLE AND 3 MARKET RATE CONDOS - AT 163 GLEN STREET, THE SITE OF THE FORMER AMERICAN LEGION POST 388. CONSTRUCTION IS ANTICIPATED TO BE COMPLETED IN SEPTEMBER 2018 WITH ALL 11 UNITS SOLD BY THE END OF 2018.SCC LAUNCHED THE "100 HOMES" PROGRAM IN LATE 2015, IN PARTNERSHIP WITH THE CITY OF SOMERVILLE AND MASS. HOUSING INVESTMENT CORPORATION. THE PROGRAM AIMS TO ACQUIRE AND PRESERVE AS LONG-TERM AFFORDABLE 2- AND 3-FAMILY HOMES OFF THE OPEN MARKET. SCC ACQUIRED ITS FIRST PROPERTY UNDER THIS PROGRAM IN DECEMBER 2015, A TWO-FAMILY AT 52 SYDNEY STREET. THROUGH EARLY 2018 SCC HAD ACQUIRED 45 UNITS OF HOUSING THROUGH THE 110 HOMES PROGRAM.GeographiesNot indicatedDatesJan 1, 2020 – Dec 31, 2020Source990No causes providedNo populations provided–$554.9KProgram 3 [2020]
ECONOMIC OPPORTUNITY - SCC'S ECONOMIC OPPORTUNITY PROGRAMS SEEK TO PROVIDE SOMERVILLE RESIDENTS -RECENT IMMIGRANTS AND US-BORN INDIVIDUALS ALIKE - WITH THE NECESSARY KNOWLEDGE TO NAVIGATE THEIR FINANCIAL LIVES EFFECTIVELY AND SUCCESSFULLY. OUR ASSET BUILDING PROGRAMS INCLUDE:(A)FIRST TIME HOME BUYER CLASSES; (B)FINANCIAL EDUCATION CLASSES AND RELATED INDIVIDUAL FINANCIAL COUNSELING - TOPICS INCLUDE: HOUSEHOLD BUDGETING;SAVING AND BUILDING WEALTH; INTRODUCTION TO BANKING SERVICES; AND CREDIT; AND (C)CAREER DEVELOPMENT AND "FIRST SOURCE" JOB CONNECTIONS BETWEEN LOCAL JOB-SEEKERS AND SOMERVILLE EMPLOYERS. DURING 2018 SCC SERVED APPROXIMATELY 700 RESIDENTS WITH ONE OR MORE OF THESE SERVICES.GeographiesNot indicatedDatesJan 1, 2020 – Dec 31, 2020Source990No causes providedNo populations provided–$457.3K
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