Member TA Question: Program-Related Investments

Member TA Question: Has anyone in our community utilized a program-related investment (PRI), or similar structure, to enable foundations to invest in low-income housing developments? – Christopher Himes, Salesforce Foundation (July, 2014) Member Response: The California Community Foundation has used a program related investment (PRI) to support low-income housing development…

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Help Answer a TA Question: Financing, HOA Litigation, and Covenants

Dear Cornerstone Members, One of our members in a local jursidiction in California has an 800-unit project, where approximately 100 units are deed-restricted. Last fall, the HOA filed a lawsuit against the developer over construction defects in the common areas. Our member is struggling to find lenders who are willing…

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The Quest to Create Standards for Affordable Homeownership

Stakeholder engagement is the heart of any successful community development effort. If you’ve ever worked for a community organization or been involved in a community project, you’ve probably spent a lot of time attending local meetings and public hearings. Face-to-face dialogue is key to building relationships, gathering input, and rallying…

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Gathering Insights Through Online Working Sessions

Earlier this September, we launched our Stewardship Standards for Homeownership project with nearly 50 stakeholders participating in six, individual working sessions covering key program topics: program and business planning, affordable pricing, fair marketing and selection, resales, and monitoring, support, and enforcement. We held a week of fascinating discussions with a…

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