Name
Innovative Development Partnerships with Cultural and Faith Organizations
Date & Time
Thursday, April 24, 2025, 2:30 PM - 3:30 PM
Sharon Lee Faaluaina Pritchard TIanna Williamson
Description

Partnerships between non-profit housing developers and community and faith organizations can unlock powerful synergies. Many BIPOC, community and faith-based organizations that would like to serve the housing needs of their communities do not have staff or capacity to develop permanent supportive housing using the Low-Income Housing Tax Credit (LIHTC) and other resources. Especially for their first PSH project it might be a good idea to partner with an established nonprofit to provide the guarantees and net-worth requirements that tax credit investors are looking for. By partnering with another nonprofit, important skills are acquired to see a development through from conception to completion to operations. Many BIPOC and community organizations entering the field are mission driven, have valuable cultural competencies and community connections that will help them develop supportive housing that is responsive to the community they serve. We will look at two such partnerships that the Low Income Housing Institute has made: one with the Asia Pacific Cultural Center, whose mission is “transform our community to become a dynamic, inclusive hub for diverse communities, cultures, and generations;” and one with the Lutheran Church of the Good Shepherd, who have “A vision of the future that lies in our changing diverse community. The more opportunities we can create by opening our doors to neighbors, old and new, the better stewards we will be of the precious gifts God has blessed us with.”