FAMILY HOUSING FUND
Programs
Zero Balance Project
EMERGENCY RENTAL ASSISTANCE DURING 2022, THE FUND MANAGED A LANDLORD-BASED PROGRAM CALLED THE ZERO BALANCE PROJECT FOR FIVE JURISDICTIONS (MINNEAPOLIS, SAINT PAUL AND HENNEPIN, RAMSEY AND DAKOTA COUNTIES) THAT ALLOWED LANDLORDS TO SUBMIT MULTIPLE APPLICATIONS ON BEHALF OF TENANTS ALL AT ONCE. LANDLORDS WERE ABLE TO SUBMIT REQUIRED DOCUMENTATION (SUCH AS LEASE OR RENT LEDGER) BEFORE THE TENANTS PROVIDED THEIR REQUIRED DOCUMENTATION (SUCH AS INCOME). THIS PROVIDED GREATER EFFICIENCY FOR LANDLORDS WITH MULTIPLE BUILDINGS AND TENANTS AND EASED THE BURDEN FOR TENANTS WHO WERE IN FINANCIAL DISTRESS. THE FUND ALSO ADMINISTERED A TENANT-BASED PROGRAM FOR DAKOTA COUNTY. RENTAL ASSISTANCE FOR TENANTS PROVIDED FROM THE ZERO-BALANCE PROJECT IN 2022 TOTALED $3,335,117. RENTAL ASSISTANCE FOR TENANTS FROM THE DAKOTA COUNTY PROGRAM IN 2022 TOTALED $656,035.GeographiesNot indicatedDatesJan 1, 2022 – Dec 31, 2022Source990No causes providedNo populations provided–$4MBuilding Equity Initiative
BUILDING EQUITY THE FUND SUPPORTS INDIVIDUALS IN PURCHASING SMALL MULTIFAMILY HOMES (2-4 UNIT PROPERTIES) AND SUSTAINING SUCCESS AS OWNER-OCCUPANT LANDLORDS. THIS PROGRAM AIMS TO REDUCE RACIAL WEALTH DISPARITIES BY PRIORITIZING ENGAGEMENT WITH BLACK, INDIGENOUS, AND PEOPLE OF COLOR HOMEBUYERS AND HELPING THEM ONTO AN ACCELERATED WEALTH BUILDING PATH. AS PART OF THIS INITIATIVE, THE FUND SUPPORTS TRAINING OPTIONS SPECIFIC TO SMALL MULTIFAMILY HOME OWNERSHIP AND PROVIDES A VARIETY OF FINANCIAL SUPPORTS, INCLUDING DOWN PAYMENT ASSISTANCE LOANS, POST-PURCHASE LOANS, AND A POST-PURCHASE SAVINGS INCENTIVE. THE FUND ALSO WORKS WITH PARTNERS TO INCREASE THE SUPPLY OF 2-4 UNIT HOMES AVAILABLE FOR PURCHASE.GeographiesNot indicatedDatesJan 1, 2022 – Dec 31, 2022Source990No causes providedNo populations provided–$2.1MExpand Opportunities Program
EXPAND OPPORTUNITIES THE EXPAND OPPORTUNITIES PROGRAM AREA AIMS TO IMPROVE FAMILIES' INTERACTION WITH THE AFFORDABLE HOUSING SYSTEM, IMPROVE HOUSING STABILITY, AND EXPAND ACCESS TO QUALITY, AFFORDABLE HOUSING OPPORTUNITIES. TO ACCOMPLISH THIS, THE FUND LEADS AND COORDINATES ACTIVITIES THAT ADDRESS LIMITS TO FAMILIES' CHOICES IN HOUSING, IN PARTNERSHIP WITH PUBLIC AND PRIVATE PARTNERS.GeographiesNot indicatedDatesJan 1, 2022 – Dec 31, 2022Source990No causes providedNo populations provided–$1.2M
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