Two Year Award Enables Continuation of the Successful Cornerstone Homeownership Innovation Program
WASHINGTON, D.C. (September 25, 2013) — An innovative effort that builds capacity of local programs that make affordable and sustainable homeownership a reality for millions of Americans received a vote of confidence with a two-year, $2 million continuation award from the Corporation for Community and National Service’s Social Innovation Fund (SIF).
The SIF award provides two additional years of funding for NCB Capital Impact Press Release Cornerstone Homeownership Innovation Program (CHIP), which provides grants to homeownership programs across the country that preserve long–term affordability and community stability. CHIP is administered by Capital Impact’s Cornerstone Partnership Initiative, a peer network supporting programs that help more hard–working people buy homes today, maintain those homes and keep them affordable in the future. By adopting common principles, sharing best practices, and providing tools and resources, the partnership aims to help governments and nonprofits stretch their dollars further to help more people realize the dream of homeownership.
“Affordable homeownership remains an elusive dream to many lower income families,