FAMILY HOUSING FUND

EXPAND OPPORTUNITIES - THE FUND AIMS TO IMPROVE HOUSING STABILITY, REDUCE EVICTIONS AND DISPLACEMENT, IMPROVE HOUSING CHOICE, AND ENSURE ACCESS TO QUALITY, AFFORDABLE HOMES. TO ACCOMPLISH THIS, THE FUND LEADS AND COORDINATES ACTIVITIES TO SYSTEMATICALLY ADDRESS THREATS TO HOUSING STABILITY AND CHOICE, IN PARTNERSHIP WITH PUBLIC AND PRIVATE PARTNERS. THIS INCLUDES CONVENING PARTNERS ACROSS PRIVATE, NONPROFIT, AND PUBLIC SECTORS TO DEVELOP STRATEGIES FOR EXPANDING ACCESS TO EMERGENCY FINANCIAL ASSISTANCE, IDENTIFY AND ADDRESS THE IMPACTS OF CORPORATE-OWNED SINGLE-FAMILY RENTAL HOMES, DISRUPT DISCRIMINATORY TENANT SCREENING PRACTICES, AND IMPROVE THE QUALITY OF THE HOUSING STOCK ACROSS THE TWIN CITIES REGION.

BUILDING EQUITY - THE FUND SUPPORTS STRATEGIES THAT EXPAND ACCESS TO HOMEOWNERSHIP FOR BLACK, INDIGENOUS, AND PEOPLE OF COLOR COMMUNITIES AND HELP REDUCE RACIAL WEALTH DISPARITIES. BUILDING ON THE LEARNINGS FROM OUR SMALL MULTIFAMILY OWNERSHIP WORK, THE FUND FURTHER DEVELOPED OUR VALUING HOMES IN BLACK COMMUNITIES INITIATIVE (BUILDING EQUITY NEXT GENERATION) IN 2024. THIS WAS A HOLISTIC EFFORT TO TRANSFORM THE HOMEOWNERSHIP JOURNEY FOR BLACK COMMUNITIES AND ADDRESS WIDE-RANGING CHALLENGES AFFECTING BLACK COMMUNITIES' ABILITY TO BUILD AND SUSTAIN WEALTH THROUGH HOMEOWNERSHIP. SYNTHESIZING THE LEARNINGS FROM OUR ENGAGEMENT AND CO-DESIGN PROCESS, WE DEVELOPED THREE CORE STRATEGIES FOCUSED ON SUPPORTING BLACK HOMEOWNERSHIP. THE FUND PUBLISHED THESE RECOMMENDATIONS IN A REPORT AND SOUGHT TO ALIGN OUR WORK WITH COMPLEMENTARY EFFORTS IN THE TWIN CITIES. IN 2024, THE FUND INVESTED IN THE ADVANCING BLACK HOMEOWNERSHIP COMMUNITY FUND, A SPECIAL PURPOSE CREDIT DOWN PAYMENT ASSISTANCE PROGRAM LED BY THE MINNESOTA HOME OWNERSHIP CENTER AND TWIN CITIES HABITAT FOR HUMANITY WHICH IS ALSO PILOTING A POST-PURCHASE SUPPORT STRATEGY. OUR INVESTMENT SUPPORTED ACCESS TO CAPITAL POST-PURCHASE FOR NEW HOMEOWNERS AS WELL AS THE DEVELOPMENT OF POST-PURCHASE CURRICULUM AND COACHING.