Mutual Housing receives nearly $500,000 for housing development and upgrades | Community Spirit
Sacramento|Yolo Mutual Housing Association recently received $464,985 from NeighborWorks® America .
The grants will help support Mutual Housing’s healthy housing by developing new, sustainable communities for the Sacramento region’s diverse households as well as upgrading older multifamily housing to make it greener and more energy-efficient.
Of these funds, $329,485 was a capital grant for programs and services, real estate development and maintenance, $110,500 was for organizational underwriting and $25,000 for green initiatives and cash flow.
“If you can show strong outcomes,” said Rachel Iskow, Mutual Housing Executive Director, “NeighborWorks will let the organization use the funds as it sees fit.
“Because we have a strong business plan and strong strategic goals, these funds will help us continue developing healthy housing in the local region, maintain and upgrade our communities as well as providing programs and services for our modest-income residents.”
Mutual Housing also received $2,000 for the continuation of their action plan to respond to natural disasters from NeighborWorks® America.
With the mini-grant, resident leaders will be able to educate families on emergency preparedness principals and practices. The grant was given to Mutual Housing’s resident s who participated in a national Community Leadership Institute by NeighborWorks® America where they created a plan for their neighborhood to withstand an emergency.
With communities in Sacramento and Yolo county, Mutual Housing develops and operates well-designed rental housing for modest-income households. The communities have 2,600 residents, half of whom are children.
Through Mutual Housing’s focus on leadership, the nonprofit also provides training and mentoring as well as educational programs, community-building activities and services for residents and neighbors. For more information, visit http://www.mutualhousing.com.
NeighborWorks® America is a public-private partnership with locally-driven community development and leverage of public investment as its hallmarks.
Over the past 30 years, NeighborWorks® America and affiliated community-based NeighborWorks organizations such as Mutual Housing have replicated this model of housing development in more than 4,500 communities across the U.S., the District of Columbia and Puerto Rico. http://www.nw.org.