Wells Fargo recently gave a $25,000 grant to Yolo and Sacramento-based nonprofit Mutual Housing California to continue developing and expanding its affordable housing communities.
“We believe in supporting organizations that are working to help our communities succeed financially,” said Wells Fargo Area President Kevin Barri. “Giving grants like this is one way to do that.”
The funding will go toward:
* The construction of 62 apartments in Woodland for low-income agricultural workers. This community will be the first zero-net-energy affordable housing built in the region that brings the benefits of the green revolution to farm workers and employees of agricultural processing and packaging plants.
* A green renovation of 170 homes at three mutual housing communities in South Sacramento.
* Feasibility work on the acquisition and renovation of a 200-apartment multifamily development for very low-income immigrants that also would include an analysis of energy efficiency upgrades, an evaluation of conversion to solar energy and the upgrade of interior finishes to make them healthier for families and seniors who are living there.
* Begin predevelopment work on construction of a green, 120-home community and large community garden in Sacramento County.
* Complete the conversion to solar energy of the one-third remaining the Mutual Housing California properties.
* Develop a strategic plan for bring more veterans and their families into the mutual housing model.
* Expand the free Internet access to at least three more Mutual Housing communities.
* Expand the geographic reach of Mutual Housing developments.
“This grant helps us to reach our goals and expand our vision of the mutual housing model,” said Rachel Iskow, Mutual Housing California chief executive officer. “With it, we will be able to continue developing the affordable, sustainable communities we are known for.”
For more information, visit www.mutualhousing.com.