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Archive for month: January, 2019

Grant Funds Available for Virginia Properties Served by Washington Gas

January 21, 2019
January 21, 2019

Over $1 million was recently allocated to fund the Virginia Low Income and Weatherization Program.

The funds provide multifamily properties energy saving measures such as:
– Insulation and air sealing
– Furnace tune-ups
– Low-flow water measures
– About $1,500 per unit in capital improvements, completely funded by Washington Gas

There is NO COST to the property owners or residents to receive these measures. To be eligible:
– A property must be classified as “affordable housing,” or two-thirds of the residents must be considered “income eligible”
– Residents MUST have their own Washington Gas account

For additional information, please visit this website or call Mitch Fischler, Utility Programs Advisor at ZeroDraft to discuss: (410) 980-9774. You may also email info@zerodraftmd.com for further explanation.

Act quickly – funding expires in April!

0 Comments/in HAND News, Opportunities /by H.A.N.D.

Shelterforce: Hospital System Helps Housing Partners Unlock Capital

January 21, 2019
January 21, 2019

Arrowhead Grove in San Bernardino, California. Photo courtesy of Arrowhead Grove.

A recent article in Shelterforce describes how when plans to develop affordable housing units in San Bernardino hit a funding roadblock, Dignity Health, one of the largest health systems in the United States, stepped in with a $1.2 million bridge loan to help fill the gap.

An excerpt from the piece reads as follows:

Dignity Health has a longstanding tradition of lending to affordable housing developers and CDFIs through its Community Investment Program. Seeing the need and potential of the Arrowhead Grove project, the program committed a $1.2 million bridge loan to help fill its funding gap.

Additionally, Dignity Health saw the potential to play a larger role in the local community investment system, recognizing that in the wake of San Bernardino’s recent emergence from bankruptcy, it would take more than local resources to overcome disinvestment and improve opportunity for all residents.

“As a large employer and anchor, we understand that investing in projects like Arrowhead Grove can help bring stability to San Bernardino neighborhoods and transform lives,” said Pablo Bravo Vial, vice president of community health at Dignity Health.

In June of 2018, Dignity Health invited a diverse group of stakeholders from San Bernardino, the Inland Empire, and the greater Los Angeles region, as well as statewide and national organizations—including municipal leaders, foundations, banks, CDFIs, developers, and community-based organizations—to come together. Nearly 50 individuals and organizations attended the meeting and the site visit that followed, where Dignity Health articulated a compelling narrative about the need for more investment in the city; positioned Arrowhead Grove as a clear and immediate opportunity for public, private, and philanthropic capital; and asked participants to join in making the project a success.

One of the entities in attendance was the California Strategic Growth Council (SGC), a cabinet-level committee responsible for coordinating the activities of state agencies to promote more equitable, sustainable, and resilient communities. SGC had previously been aware of the Arrowhead Grove project and the long-standing need for affordable housing in San Bernardino. Impressed by the collaboration among local partners and a strong application by National CORE, SGC awarded San Bernardino $20 million through California’s Affordable Housing and Sustainable Communities (AHSC) program. The funds will support the next two phases of the Arrowhead Grove project, adding more than 180 new units of affordable housing. San Bernardino is the first city in the Inland Empire region to receive AHSC funding.

0 Comments/in HAND News, Industry Highlights /by H.A.N.D.

Now Accepting Applications: Nonprofit Sustainability Challenge

January 21, 2019
January 21, 2019

Virginia Community Development Corporation’s award-winning Nonprofit Sustainability Challenge is now accepting applications!

The challenge is a dynamic 14-month intensive program to help your organization adapt and thrive during changing times. Two leaders from each of the participating organizations will identify, pursue and achieve success at a major challenge that will positively impact the organization’s long-term financial sustainability.

How does it work?
The program provides two leaders from each selected organization with information, tools, networking and coaching resources that enable them to develop and/or refine business strategies with an emphasis on long-term organizational sustainability.

Leaders from the selected organizations must commit to:

-Attend the following retreat dates:

June 2-4, 2019
October 6-8, 2019
February 23-25, 2020
June 14-16, 2020

-Participate in three webinars and at least 15 individual organizational coaching calls.

-Completion of all reading and assignments over the 14-month program.

-Participants must commit to a significant amount of time outside of the above program framework (retreats, webinars, readings/assignments and conference calls) to achieve measurable results.

Tuition (representing a small portion of program costs) is $2,000 per organization plus travel costs.

Applications are due April 5, 2019. For more details on this program and information on how to apply, check out the flyer here.

0 Comments/in HAND News, Opportunities /by H.A.N.D.

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