What makes Home Funders unique?
Home Funders is housing families earning $24,500 annually or less – 30% of area median income or below. That’s a family where both parents work minimum wage jobs or where a single parent with three kids makes $11 per hour. Home Funders integrates family units into mixed income housing, rather than creating blocks of low-income housing. Home Funders is tapping the power and scale of the investors’ endowments to drive significant change in the housing finance system. The Fund represents a new philanthropic strategy: rather than small-scale grants to individual projects, the Fund is working closely with municipalities, the State, developers and existing financing programs to demonstrate that with the right mix of resources, focus and will, solutions are possible.
Home Funders is housing families earning about $26,850 annually or less – 30% of area median income or below. That’s a family where both parents work minimum wage jobs or where a single parent with three kids makes $13.50 per hour. Home Funders integrates family units into mixed income housing, rather than creating blocks of low-income housing. Home Funders is tapping the power and scale of the investors’ endowments to drive significant change in the housing finance system. The Fund represents a new philanthropic strategy: rather than small-scale grants to individual projects, the Fund is working closely with municipalities, the State, developers and existing financing programs to demonstrate that with the right mix of resources, focus and will, solutions are possible.
