Learn how your foundation can help be a part of the solution by developing a housing trust fund!
Like many places across the country, the Black Hills in South Dakota are seeing a massive lack of affordable housing. After convening a Housing Summit in 2018, the leaders at the Black Hills Area Community developed a public/private/philanthropic model to address this need.
The Strategic Housing Trust Fund provides low-interest loans to developers building affordable housing and acts at the top of a capital stack. The housing trust fund model is flexible, outside of government. Dollars revolve back to the community foundation for lasting impact because the fund offers the loan. The oversight board includes developers, bankers, city staff, economic development staff, private foundation staff, and community foundation staff.
In this webinar, we’ll learn from the Black Hills Area Community Foundation's experience with this unique and collaborative funding model. Attendees will also explore an interactive tool created by the community foundation to assess your organization’s ability to offer it’s own housing trust fund.
This webinar is a continuation of our Leading Locally Conference programming. Explore and register for each session in the series: Leading Locally All Year Long