The Housing Fund
The Housing Fund
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About this organization
Mission
The mission of The Housing Fund is to provide resources and creative leadership to help individuals and communities create and maintain affordable and healthy places to live.
About
Community Land Trust (CLT) is a stewardship program to protect community assets and provide permanently affordable housing opportunities for generations of lower-income families and communities. The method by which it accomplishes this is called 'shared equity ownership'. Metro Nashville, in conjunction with the Barnes Fund has donated 15 properties valued at $485,900 to the Housing Fund for the purpose of CLT. These are scattered site properties in the following zip codes: 37207, 37208, 37210 and 37218. The Housing Fund will create housing on these properties and find low to moderate income families to purchase these houses and sign a ground lease with the Housing Fund. A ground lease is an agreement between CLT and the buyer which outlines the terms and conditions for participating in the CLT. Homeowners agree to resale arrangements that provide a seller with a share of the home's equity while ensuring the home remains affordable for another low- to moderate-income homebuyer.
Interesting data from their 2020 990 filing
The mission of the non-profit, as stated in the filing, is “The housing fund provides resources and creative leadership to help low and moderate income individuals and communities create and maintain affordable and healthy places to live. the housing fund makes low interest housing, development and community development loans to individuals, families and developers to acquire, create and maintain affordable and healthy homes and communities.”.
When referring to its tasks, they were described as: “The housing fund provides resources and creative leadership to help individuals and communities create and maintain affordable and healthy places in which low and moderate income people live.”.
- The non-profit is operating legally in the state of TN.
- The non-profit's address for the year 2020 is listed as PO BOX 281345, NASHVILLE, TN, 37228 in the filing.
- The form submitted by the non-profit organization for 2020 reports 0 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $422,066.
- The organization has 15 independent voting members.
- The organization was formed in 1996.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.