Affordable Housing

Our Housing Philosophy

MARKET QUALITY: Affordable, energy-efficient homes should be indistinguishable from other market-rate homes.

MIXED-INCOME NEIGHBORHOODS: Developing communities that reflect a diversity of incomes, deconcentrates poverty and strengthens neighborhoods for everyone.

NEIGHBORHOOD INPUT: We focus on neighborhood strengths, not weaknesses. By working with neighborhood associations and listening first, we help revitalize neighborhoods by implementing their vision.

ECONOMIC MOBILITY: Connect housing clients to economic mobility opportunities with a focus on budgeting, banking and building assets.

How We Do It

HOUSING FIRST: Affordable and energy-efficient rental housing allows households time to breathe as they pursue economic mobility.

CLIENT RESOURCES: Understanding and valuing the needs, assets and goals of housing clients and connecting them to resources in their communities.

THE HOMEOWNERSHIP GAP: Some households earn above the income requirements for other housing programs, but still can't afford the market. We can fill that gap.

PERMANENT HOUSING SOLUTION: Households transitioning from homeless service programs need a permanent housing solution.

LoCAL HOUSING: Households earning approximately $1,200/month have very few options in the housing market. LoCAL Housing offers an affordable option.

Innovation in Housing

• We sometimes partner with for-profit developers, which allows us to obtain more land for affordable housing in mixed-income communities.

• Through the social impact investing model, we develop mutually beneficial partnerships that allow us to produce affordable housing without relying solely on government funding.

• LoCAL Housing provides a unique opportunity for businesses, individuals and faith-based organizations to directly invest in the lives of households experiencing poverty and men overcoming addiction.

Leveraging Resources

• Establishing an equity fund has expanded our resources and opportunities.

• Leveraging faith-based funding from the community has more than doubled our production of affordable homes for individuals and families moving out of homelessness.

• Utilizing income from housing market forces to create greater affordability in our rental homes.

Current Number of Rental Homes by County

6 | Homes of Hope 2022 Impact Report

Mixed-Income Neighborhoods

• We intentionally ensure a diversity of incomes are represented among neighbors. This creates a healthy balance of community.

• When imbalance is present, we sometimes build market rate homes alongside more affordable homes.

• Our goal is the deconcentration of poverty and housing segregation by socioeconomic status.