Home Funders holds a breakfast forum on ‘Housing Matters: Securing a Future for Our Lowest Income Families’ on Tuesday, February 7th from 9:00 to 11:30 am at The Boston Foundation.

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Home Funders is honored to be this year’s recipient of the Jeffrey Graham Award, which is presented to an Individual or Organization in the private sector that has provided exceptional support and leadership for the community movement in Massachusetts.

Thursday December 1, 2011 marks the opening of Unity Place. Built by the Coalition for a Better Acre, this project consists of new construction of a four-story building with 23 rental units in downtown Lowell, including eight units allocated for extremely low-income families.

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This Home Funders’ project occupies the top three floors of the Union Crossing complex, offering 60 rental apartments, primarily for low-income tenants. Lawrence Community Works took the lead on this $40 million deal that was finalized in 2008. Occupying the former Southwick Clothing factory, the three floors of housing sit above two floors of commercial space.

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CHA/Choice Lynn M. Marcella Residences in Chelmsford offers five townhouse style two bedroom rental units to house formerly homeless families paired with 18 months of transition services provided in partnership with House of Hope. The grand opening was held on November 8, 2011.

6 Fort Street offers 34 rental units in this development located in Quincy’s central business district. The project consists of one-, two- and three-bedroom units, with eight units affordable at 30% of area median income. This adaptive re-use of a four-story former office building is sponsored by the Asian Community Development Corporation. The property is close to shops, school and the MBTA.

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South Shore Affordable Housing and Preservation of Affordable Housing has constructed 20 new affordable housing units in the Southfield area of Weymouth. This project includes five units affordable for extremely low-income families. The Torrey Woods project represents newly built affordable housing in a relatively high income community that has already achieved the state’s 10% affordability mandate. This area is also a Smart Growth site within one-half mile walking distance of a commuter rail station in a mixed-use area near commercial and employment areas.

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Powder House Village has been almost nine years in the making. This project consists of two residence buildings with 48 units of affordable housing. Located on the 23-acre YMCA campus on County, they provide natural connect to the community through Y membership and services. Powder House Village is also home to a new branch of the Institution for Savings and the new YMCA Early Learning Center.

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The Home Funders Collaborative is very pleased to announce the hiring of Soni Gupta as its new Executive Director. Soni brings a strong commitment to and passion for providing more permanent homes for homeless and other extremely low-income families and for addressing the continuing family homelessness crisis in Massachusetts. Soni has deep knowledge of affordable housing development and finance as well as first-hand experience with what it actually takes to successfully develop and sustain housing for very low-income families. Most recently, Soni has been a consultant to a number of nonprofit housing producers across the State where she has overseen the development and financing of specific projects, including those that have utilized Home Funders resources. Prior to her consulting work, she was Director of Housing at the Somerville Community Corporation and was Senior Project Manager and Interim Executive Director at the AIDS Housing Corporation. She also worked as a Design Associate at the Adaptive Environment Center. Soni has a Master of Science in Architecture Studies from the Massachusetts Institute of Technology and a Bachelor of Architecture from the Sir J.J. College of Architecture in Bombay, India.

We hope you will join us in welcoming Soni to Home Funders as it continues to expand its impact in the Commonwealth. Home Funders remains committed to its goal of producing 1,000 units of extremely low-income housing as a part of the creation of 4,000 new affordable housing units. Home Funders’ results to date have been impressive, with the financing of 684 ELI units as a part of the creation of 2,121 new affordable units in 53 separate projects across the State, in what has been a challenging economic environment. Home Funders will be mounting a renewed effort to raise additional funds to meet the current unmet demand for very affordable housing in Massachusetts.

Soni Gupta can be reached by email at sgupta@homefunders.org or (617) 510-4559 by phone.

Home Funders is pleased to present our 2010 Annual Report summarizing our successes during a challenging two year period.

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Home Funders has reached the 2,000 mark, creating 2,027 units of housing, with 709 or a third of the units designated for extremely low income families (ELI).

This report by Children's HealthWatch and the Medical-Legal Partnership | Boston demonstrates that subsidized housing helps protect children from food insecurity and associated health risks and argues that subsidized housing is part of the strategy to end childhood hunger.

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Read all about Home Funders in the GrantCraft report on collaboratives – See page 22.

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Home Funders is pleased to announce a $2 million PRI from the Klarman Foundation as well as a $500,000 grant from an anonymous funder, totaling $2.5 million that will be utilized as 20-year loan funding to support long-term financing for affordable housing.

Home Funders, Mellon Bank and Paul Fireman welcomed corporate and foundation guests on May 3rd, 2007 at Mellon New England to celebrate the announcement of a $1 million leadership grant from the international Oak Foundation.

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