MON VALLEY INITIATIVE
Programs
Real Estate Development Program
Real Estate: The purpose of MVIs Real Estate Development Program is to help rebuild the fabric of MVIs member communities, thereby stabilizing both the built environment and property values, maintaining the tax base, and promoting a culture of public safety and community confidence. MVI provides direct real estate development services through existing programs including Rehab for Resale (acquisition, renovation and resale of existing blighted and vacant properties), new construction housing in targeted areas, owner-occupied rehabs, residential rental development, the development of strategic commercial spaces in targeted business districts, and various complementary initiatives in community planning, zoning and marketing outreach. MVI and its locally-based partners have now completed construction, redevelopment or facilitated the transfer of 675 units of housing, with 20 units in predevelopment.GeographiesNot indicatedDatesJan 1, 2022 – Dec 31, 2022Source990No causes providedNo populations provided–$4.1MHousing Counseling Program
Housing Counseling The Mon Valley Initiative National Intermediary is a HUD-approved national housing counseling intermediary that provides administrative services, housing counseling funding, and performance monitoring services to a national network of sub-grantee agencies. The agencies in turn provide eligible housing counseling services to participants in their local areas. During the 2022 HUD fiscal year, the agencies provided housing counseling to 7,900 households. MVIs Housing Counseling Program is a sub-grantee agency of The Mon Valley Initiative National Intermediary. The purpose of MVIs pre-purchase housing counseling program is to educate and assist individuals and families, with low and moderate incomes, in the process of obtaining an affordable mortgage to facilitate the purchase of a home. MVI provides credit and budget analyses, and HUD- and PHFA-approved housing counseling action plans to bring participants to mortgage-readiness. MVI also coordinates services with several other housing counseling agencies in our area. During 2022, MVIs Housing Counseling Program provided assistance to 102 participants through pre-purchase housing counseling. Of those receiving pre-purchase counseling, 32 went on to become homeowners.GeographiesNot indicatedDatesJan 1, 2022 – Dec 31, 2022Source990No causes providedNo populations provided–$489.4KWorkforce Development and Financial Coaching
Workforce Development and Financial Coaching The purpose of MVIs Workforce Development and Financial Coaching program is to increase the income levels and financial self-sufficiency of local residents through effective career development services and financial coaching, assisting the unemployed and under-employed to advance. In addition to the assistance provided to participants, the team works with local employers to understand their human resource needs. MVI provides direct services to participants through basic career counseling, financial coaching, classroom work, seminars, and pre- and post-employment case management. MVI also works with Mon Valley employers to identify skill requirements and employment opportunities, and to make connections on behalf of MVIs participants. In addition to direct recruitment and job fairs, employers volunteer presenting in career exploration workshops and doing practice interviews with participants. In 2022, MVI served 398 participants. Served is defined as meeting a program milestone: enrolled, completed the program, obtained employment, or maintained employment for at least six months. During the year, 233 participants enrolled in MVIs career development planning process, 58% of which gained employment. During the year, 55 unique employers and trainers participated in Job Clubs. Of those served, 90% continued with MVIs one-on-one financial coaching program. We are also pleased to report that 121 people were able to increase their net income.GeographiesNot indicatedDatesJan 1, 2022 – Dec 31, 2022Source990No causes providedNo populations provided–$393.7K
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