Foundations pledge new affordable housing initiative

A new charitable initiative wants to help address the nation’s affordable housing crisis, leveraging funding from many of the nation’s biggest foundations to help fill a growing gap. The Funders for Housing and Opportunity (FHO) will make “catalytic investments in activities that ensure stable housing in thriving communities,” pledging to invest $4.9 million to provide more affordable housing over three years. The mobilization comes, in part, from recognition from members that federal and local assistance isn’t fully addressing the issue.


Source: Curbed