Urban Land Conservancy

Going Off the Grid: Urban Land Conservancy Invests in Clean Energy at a Large Scale for its Nonprofit Partners

Retrieved on: 
Wednesday, October 28, 2020
Urban Land Conservancy, AmeriCorps, UL, Sustainability, Energy development, United States, American society, Articles

Sustainability is also a goal related to utilizing energy sources that do not harm the environment.

Key Points: 
  • Sustainability is also a goal related to utilizing energy sources that do not harm the environment.
  • To meet both goals, Urban Land Conservancy (ULC), a nonprofit that uses affordable real estate to help create equitable communities throughout MetroDenver, took an ambitious approach to updating the heating, cooling, and energy systems on its Oxford Vista campus.
  • Located in Aurora, Colorado, the campus is the current home to AmeriCorps Southwest Regional Headquarters and other nonprofits.
  • While the grounds were abundant with lush greenery and sprawling views, the 1960s-era buildings were outdated, inefficient, and in poor condition.

Aeon, Minnesota Housing and The Community Development Trust announce $42.5 million refinancing and revitalization effort to preserve affordable housing in Richfield

Retrieved on: 
Thursday, October 8, 2020
Affordable housing, Public housing in the United States, New Deal agencies, Urban Land Conservancy

Preservation is a critical component to meet Minnesotas need for homes that are affordable, said James Lehnhoff, Assistant Commissioner of Multifamily at Minnesota Housing.

Key Points: 
  • Preservation is a critical component to meet Minnesotas need for homes that are affordable, said James Lehnhoff, Assistant Commissioner of Multifamily at Minnesota Housing.
  • Now, after two years of exhaustive work with the state housing agency, the team has closed on a $42.5 million refinancing plan from Minnesota Housing.
  • The Community Development Trust (CDT) is a national investor that provides long-term capital for the preservation and creation of affordable housing and charter school facilities.
  • Minnesota Housing collaborates with individuals, communities and partners to create, preserve and finance housing that is affordable.

New Fund Launched to Support Predevelopment Activities for Central Texas Affordable Housing Projects

Retrieved on: 
Tuesday, June 23, 2020
Texas State Affordable Housing Corporation, Austin, Texas, Public housing, Government of Texas, Cities in the United States, Housing, Affordable housing, Urban Land Conservancy, Century Housing Corporation

Austin, Texas, June 23, 2020 (GLOBE NEWSWIRE) -- The Texas State Affordable Housing Corporation (TSAHC) has announced a new pilot program that allows nonprofit affordable housing organizations located in Travis, Williamson, Bastrop, Hays, and Caldwell counties to seek financing for early stages of proposed affordable housing developments.

Key Points: 
  • Austin, Texas, June 23, 2020 (GLOBE NEWSWIRE) -- The Texas State Affordable Housing Corporation (TSAHC) has announced a new pilot program that allows nonprofit affordable housing organizations located in Travis, Williamson, Bastrop, Hays, and Caldwell counties to seek financing for early stages of proposed affordable housing developments.
  • This predevelopment fund, made possible by financial support from Austin Community Foundations FundATX impact investment program, aims to provide assistance to small-scale or neighborhood-oriented community organizations.
  • These entities commonly lack the resources required to fund predevelopment activities on housing projects that meet critical needs in their service area.
  • The Texas State Affordable Housing Corporation (TSAHC) is a statewide 501(c)(3) nonprofit organization created at the direction of the Texas Legislature to serve as a self-sustaining, statewide affordable housing provider.

IMPACT Community Capital Launches New Products and Announces New Purchases and Commitments in First Quarter

Retrieved on: 
Thursday, May 7, 2020
Other Philanthropy, Construction & Property, Finance, Banking, Professional services, Urban planning, Philanthropy, Residential Building & Real Estate, Economy, Social finance, Articles, Affordable housing, Corporate social responsibility, Impact investing, Investment, Capital Impact Partners, Urban Land Conservancy

IMPACT Community Capital, a pioneer in impact investing that creates institutional-quality, purpose-driven investments, launched two new products in the first quarter to expand opportunities for investors to address the affordable housing crisis.

Key Points: 
  • IMPACT Community Capital, a pioneer in impact investing that creates institutional-quality, purpose-driven investments, launched two new products in the first quarter to expand opportunities for investors to address the affordable housing crisis.
  • The new products, which allow IMPACT to expand its reach and build upon its 22-year track record in the affordable housing market, contributed to a productive quarter.
  • One of the new products IMPACT introduced was a tax-exempt loan program, which IMPACT used in the financing of the Coliseum Place in Oakland.
  • This new-construction multi-family development is being developed by Resources for Community Development, with permanent financing by IMPACT through its relationship with Bank of America.

Community Partners Announce Initiative Aimed at Preserving Utah’s Existing Affordable Housing

Retrieved on: 
Monday, March 2, 2020
Banking, General Health, Professional services, Philanthropy, Other Construction & Property, State, Local, Residential Building & Real Estate, Construction & Property, Urban planning, Other Philanthropy, Health, Public policy, Government, Affordable housing, Economic inequality, Regional science, Economic geography, Academic disciplines, Public housing in the United States, Urban Land Conservancy

The Clark and Christine Ivory Foundation, Intermountain Healthcare, Utah Nonprofit Housing Corporation and Zions Bank announced today, the new Utah Housing Preservation Fund, aimed at addressing the states housing shortage and affordability.

Key Points: 
  • The Clark and Christine Ivory Foundation, Intermountain Healthcare, Utah Nonprofit Housing Corporation and Zions Bank announced today, the new Utah Housing Preservation Fund, aimed at addressing the states housing shortage and affordability.
  • The Utah Housing Preservation Fund represents a collaborative and innovative private-sector led effort to effectively address our states housing affordability challenges.
  • To launch the Utah Housing Preservation Fund, Utah Nonprofit Housing Corporation is under contract to acquire 54 units of deeply affordable housing from Housing Connect, Salt Lake Countys housing authority.
  • About Utah Housing Preservation Fund: The Utah Housing Preservation Fund is a new effort housed at Utah Nonprofit Housing Corporation to preserve the states most affordable housing units.

Housing Trust Launches Apple's $150 Million Affordable Housing Fund

Retrieved on: 
Monday, March 2, 2020
Academic disciplines, Articles, Social issues, Affordable housing, Economic inequality, Public housing, Homelessness, Urban Land Conservancy, Affordable housing by country

SAN JOSE, Calif., March 2, 2020 /PRNewswire/ -- Housing Trust Silicon Valley a nonprofit community loan fund that works to create a strong affordable housing market in the greater Bay Area is launching the Apple Affordable Housing Fund, funded by a $150 million grant to Housing Trust with the goal of building more affordable housing in the greater Bay Area.

Key Points: 
  • SAN JOSE, Calif., March 2, 2020 /PRNewswire/ -- Housing Trust Silicon Valley a nonprofit community loan fund that works to create a strong affordable housing market in the greater Bay Area is launching the Apple Affordable Housing Fund, funded by a $150 million grant to Housing Trust with the goal of building more affordable housing in the greater Bay Area.
  • The Apple Affordable Housing Fund is part of the comprehensive $2.5 billion commitment Apple made in November 2019 to help address the housing availability and affordability crisis in California.
  • Additionally, the Apple Affordable Housing Fund is encouraging transit-oriented projects that incorporate sustainable methods, efficient use of resources and aspects that support resident and community equity.
  • Since 2000, Housing Trust has invested over $317 million in programs that help everyone from those experiencing homelessness to renters to first-time homebuyers - creating over 19,000 affordable housing opportunities serving over 36,000 of our neighbors.

San Francisco Housing Accelerator Fund Secures $100 Million Commitment From First Republic Bank to Finance Affordable Housing

Retrieved on: 
Wednesday, February 26, 2020
Finance, Banking, Professional services, Residential Building & Real Estate, Construction & Property, Economic inequality, Affordable housing, Regional science, Academic disciplines, Economy, Urban Land Conservancy

The San Francisco Housing Accelerator Fund (SFHAF) announced today a $100 million commitment from First Republic Bank (NYSE:FRC) in the form of a revolving credit facility to support the preservation of affordable housing in San Francisco through SFHAFs anti-displacement lending program.

Key Points: 
  • The San Francisco Housing Accelerator Fund (SFHAF) announced today a $100 million commitment from First Republic Bank (NYSE:FRC) in the form of a revolving credit facility to support the preservation of affordable housing in San Francisco through SFHAFs anti-displacement lending program.
  • To address the continued rising costs of housing in San Francisco, we need more tools to both build more housing and preserve affordable housing we have, said San Francisco Mayor London N. Breed.
  • First Republic Bank is taking a leadership role in addressing the affordable housing crisis in San Francisco, said Rebecca Foster, CEO of SFHAF.
  • The San Francisco Housing Accelerator Fund is committed to the preservation and expansion of quality affordable housing for economically disadvantaged individuals and households.

Arkansas Nonprofit Received $440K to Construct 56-Unit Housing Development

Retrieved on: 
Friday, January 24, 2020
Professional services, Philanthropy, Residential Building & Real Estate, Other Philanthropy, Construction & Property, Banking, Affordable housing, Public housing, Urban renewal, Economy, Housing, Public housing in the United States, Financial services in the United States, Construction, Urban Land Conservancy, Arvest Bank, the Federal Home Loan Bank of Dallas

Strategic Community Investments is the nonprofit development company for the project and sister organization of Fort Smith Housing Authority (FSHA).

Key Points: 
  • Strategic Community Investments is the nonprofit development company for the project and sister organization of Fort Smith Housing Authority (FSHA).
  • Its mission is to advance affordable housing through community and economic development projects such as Electric Park.
  • Now that we have these committed funds, Strategic Community Investments can apply through the Arkansas state agency for the tax credits.
  • Of that, $2 million was awarded to Arkansas projects, and will result in 231 new or rehabilitated housing units.

Federal Home Loan Bank of Atlanta Announces New Affordable Housing Advisory Council Members

Retrieved on: 
Monday, December 2, 2019
Affordable housing, Atlanta, Federal Home Loan Banks, Housing, Regional science, Affordable housing by country, Urban Land Conservancy

ATLANTA, Dec. 02, 2019 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it has appointed five members to its Affordable Housing Advisory Council (Council).

Key Points: 
  • ATLANTA, Dec. 02, 2019 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it has appointed five members to its Affordable Housing Advisory Council (Council).
  • The Council serves an important role in helping FHLBank Atlanta fulfill its affordable housing mission, and works closely with the FHLBank Atlanta board of directors to ensure the housing needs of communities within the Banks district are met.
  • His initiatives at the Housing Authority include the development of a nonprofit organization designed to develop affordable housing opportunities and promote comprehensive economic development, which has led to the substantial rehabilitation and preservation of affordable housing in his community.
  • FHLBank Atlanta is one of 11 district banks in the Federal Home Loan Bank System.

Texas State Affordable Housing Corporation Receives $1.5 Million Investment from Texas Capital Bank

Retrieved on: 
Tuesday, August 6, 2019
Affordable housing, United States Department of Housing and Urban Development, Housing, Texas State Affordable Housing Corporation, Economy, HOME Investment Partnerships Program, Economic inequality, Homelessness, New York State Housing Finance Agency, Urban Land Conservancy

Texas Capital Community Development Corporation (TCCDC), a wholly-owned subsidiary of Texas Capital Bank, has awarded the Texas State Affordable Housing Corporation (TSAHC) a $1.5 million community development loan.

Key Points: 
  • Texas Capital Community Development Corporation (TCCDC), a wholly-owned subsidiary of Texas Capital Bank, has awarded the Texas State Affordable Housing Corporation (TSAHC) a $1.5 million community development loan.
  • Texas Capital Bank and its subsidiary Texas Capital Community Development Corporation have also awarded TSAHC a renewable, three-year $15,000 grant in conjunction with the community development loan.
  • We are very grateful to Texas Capital Bank and the Texas Capital Community Development Corporation for their continued support, said David Long, TSAHC President.
  • Texas Capital Community Development Corporation is a wholly owned subsidiary of Texas Capital Bank that focuses on financing affordable housing projects, housing for the elderly and transitional housing for the homeless.