CAHEC Awards $50,000 in Open Doors Homeownership Grants to Two Nonprofit Organizations
TL;DR
CAHEC's Open Doors Homeownership Grant provides $25,000 to nonprofit organizations for affordable housing, giving them a competitive advantage in developing housing for low-income families.
The grant evaluates community need, positive impact, and strategy for addressing the shortage of affordable housing, ensuring a methodical approach to allocating funds.
The grant contributes to creating a better world by providing affordable housing to low-income families and addressing the struggle of homeownership in underserved communities.
The grant recipients, Housing Assistance Corporation and Habitat for Humanity Durham, are working on innovative projects to provide affordable housing, creating interesting and educational opportunities for families in need.
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CAHEC, a community investment organization based in Raleigh and Columbia, has announced the recipients of its 2024 Open Doors Homeownership Grant. Housing Assistance Corporation and Habitat for Humanity Durham will each receive $25,000 to support their affordable housing projects in North Carolina.
The Open Doors Homeownership Grant, established in 2004, has awarded a total of $860,000 to nonprofit organizations developing affordable housing for families earning 80 percent or less of the area median income. This year's grants will fund critical infrastructure and community-building elements in two separate projects.
Housing Assistance Corporation's Little White Oak project in rural Polk County will use the grant to cover engineering and permitting costs for a water pumping station. This infrastructure is essential for providing sufficient water pressure to 12 of the 20 new homes planned for the development. The project, situated on 29 acres, aims to create an appealing neighborhood with forested land and mountain views while providing affordable housing close to essential amenities.
Habitat for Humanity Durham will apply its grant towards constructing front porches for 10 new homes in Durham's Hayti district. This project, a partnership with Mount Vernon Baptist Church, represents an innovative approach to preserving affordable homeownership in an area facing gentrification pressures. The front porches are expected to foster a sense of community and belonging among the new homeowners.
These grants highlight the ongoing challenge of affordable housing in both rural and urban areas of North Carolina. By supporting projects that address specific community needs and incorporate thoughtful design elements, CAHEC is contributing to the creation of sustainable, affordable neighborhoods. The grants also demonstrate the importance of partnerships between nonprofit organizations, religious institutions, and community investment firms in tackling the affordable housing crisis.
As housing costs continue to rise across the country, initiatives like the Open Doors Homeownership Grant play a crucial role in making homeownership accessible to low-income families. These projects not only provide affordable housing but also contribute to community stability and economic development in underserved areas.
Curated from 24-7 Press Release
