2023 Grounded Solutions Network Member Success
Grounded Solutions Network members saw new growth and success throughout the year. We want to highlight just a few of the many outstanding victories by our membership. Just a reminder that now is the time to renew your membership for 2024. If you are a current member seeking to renew your membership or would like to join Grounded Solutions Network, please visit our membership page!
· One Roof Community Housing is on track to receive $62.5 million from the Minnesota Housing Finance Agency in support of their work providing affordable Community Land Trust homes, building and renovating affordable apartments, and providing home buyers down payment assistance. Additionally, One Roof Community Housing has completed or is on track to complete 164 units with lasting affordability.
· Mueller Foundation has completed construction on 637 homes with lasting affordability. They hope to complete their full build out by the end of 2024.
· Community Frameworks received $3.5 million in Self-Help Homeownership Opportunity Program (SHOP) funds. Community Frameworks has earmarked $760,000 in SHOP funds for CLTs and has already provided roughly $400,000 to CLTs.
· Atlanta Land Trust completed a nearly $14 million campaign to develop 90 housing with units with permanent affordability.
· City of Bridges CLT secured an $8 million New Markets Tax Credit allocation for 15 homes Habitat for Humanity Seattle-King & Kittitas Counties, completed their first five-story condo, using a Covenant and Resale Agreement with all the same elements as a typical ground lease. It is part of a larger overall strategy for Habitat SKKC to grow and serve 200 families each year. Achieving that goal will more than triple their previous annual production of new homes, rehabs, and repair projects, and so far, they are on track to reach this goal.
· Elevation Community Land Trust received a grant from the Denver City Council that will go towards the purchase, renovation, and sale of at least 62 homes with lasting affordability.
· River City Housing launched the Smoketown Community Land Trust, working to preserve housing with lasting affordability in the historically Black section of Louisville, KY.
· Urban Land Conservancy supported the preservation and conversion of 4 vacant dormitories into 154 rental homes under a 99-year Community Land Trust.
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