CSH in the News - July 2013

The Courant, July 9
People's United Community Foundation Awards
The People's United Community Foundation, the philanthropic arm of People's United Bank, announced that it has awarded $587,944 in grants to nonprofit organizations throughout Connecticut. Fifty-eight organizations received funding in support of activities that ranged from education programs and basic needs services to workforce development programs and affordable housing initiatives. Recipients included Achievement First, Capital Workforce Partners, and Corporation for Supportive Housing, Greater Bridgeport Community Enterprises, Junior Achievement of Southwest New England, and University of Hartford, among others.

 New Jersey Biz, July 11
Supreme Court Rejects Christie's COAH Elimination
The New Jersey Supreme Court today rebuffed Gov. Chris Christie's attempt to eliminate the Council on Affordable Housing. Housing advocates, including the Housing and Community Development Network of New Jersey and the Corporation for Supportive Housing, cheered the decision, saying the state has a shortage of affordable housing and needs an independent COAH to help fix the problem. "New Jersey's most vulnerable and low-income residents will once again have an entity and process in place to implement the state's fair housing laws, including local affordable housing obligations, ensuring an array of choices to call home throughout the state," said Alison Recca-Ryan, director of the Corporation for Supportive Housing.

Affordable Housing Finance, July 22
CSH Launches First National Supportive Housing Fund
The first national loan fund dedicated to supportive housing has been launched with an investment in a 44-unit development for veterans at risk of homelessness in Gary, Ind. The new $45 million Supportive Housing Solutions Fund will provide acquisition, predevelopment, and construction funding for projects that include supportive housing targeted to very low income tenants. Launched by CSH, the fund began with an initial investment from the group's 2012 Wells Fargo NEXT Award for Opportunity Finance. CSH then brought in financing from two philanthropic partners, the Robert Wood Johnson Foundation and Conrad N. Hilton Foundation, and four private-sector investors, Bank of America, Deutsche Bank, HSBC Bank, and Morgan Stanley.

Bridge, News and Analysis from The Center for Michigan, July 23
In Michigan, A Full-Time Job is No Guarantee of Good Housing
The line began growing overnight, hundreds of low-income suburban Detroit residents hoping to secure one of 1,000 available subsidized housing vouchers. It stretched to more than a mile long and an estimated 5,000 people when doors to the Taylor Community Services Center were opened the morning of Jan. 12. For some low-income families, lack of other options leads to homelessness. According to analysis by the Corporation for Supportive Housing, a New York-based supportive housing advocacy organization, approximately 168,000 families with children experience homelessness in the course of a year.


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