Home Funders plans to award prizes of $10,000 to $25,000 each to up to three organizations or teams that propose well-crafted, innovative, feasible and sustainable solutions to build, preserve or create access to housing units for extremely low income families. Proposals must be submitted by February 5, 2016.
In Massachusetts today, there is an acute shortage of housing affordable to families with extremely low incomes. A typical low-wage worker making $10 an hour earns $1,733 per month, while the median asking rent for an apartment in Boston’s least expensive neighborhoods is $1,500 to $1,700. Between 2007 and 2013, family homelessness in Massachusetts rose by 75 percent. A major reason for this shortage is that housing production has been lagging far behind demand in Massachusetts and has remained low since the 1980s.
To be part of the solution, submit a proposal by February 5, 2016. Prize-winners will be announced in April 2016. Read more information and application instructions.
Register for an information session at the Boston Foundation.
Where: 75 Arlington Street, 10th Floor, Boston, MA.
When: December 3, 2015, 9:30am