NeighborWorks America recently gave $464,985 in funding to the Sacramento-Yolo Mutual Housing Association.
The grants will help support Mutual Housing’s housing by developing new, sustainable communities for diverse households as well as upgrading older multi-family housing to make it greener and more energy-efficient.
Of this money, $329,485 was a capital grant for programs and services, real estate development and maintenance, $110,500 was for organizational underwriting and $25,000 for green initiatives and cash flow.
“If you can show strong outcomes, NeighborWorks will let the organization use the funds as it sees fit,” said Rachel Iskow, executive director of Mutual Housing. “Because we have a strong business plan and strong strategic goals, these funds will help us continue developing healthy housing in the local region, maintain and upgrade our communities as well as providing programs and services for our modest-income residents.”
Mutual Housing also received $2,000 for the continuation of their action plan to respond to natural disasters from NeighborWorks America. With the mini-grant, resident leaders will be able to educate families on emergency preparedness practices. The grant was given to Mutual Housing’s residents who participated in a national community leadership institute by NeighborWorks America, where they created a plan for their neighborhood to withstand an emergency.
With communities in Sacramento and Yolo counties, Mutual Housing develops and operates rental housing for modest-income households. The communities have 2,600 residents, half of whom are children. The nonprofit also provides training and mentoring as well as educational programs, community-building activities and services for residents and neighbors.
For more information, visit http://www.mutualhousing.com.