House Renovation Update - Let's Raise The Roof!
Here’s an update on our newly acquired property and an exciting renovation project that will add new affordable units to our community.
Families Together purchased the property to preserve our community’s vanishing affordable housing and to dedicate it in perpetuity for families experiencing homelessness.
The house needs renovation and repair to revert it to a duplex of two three-bedroom units that will serve as permanent affordable rentals for two families with children coming out of homelessness.
For the last several months, a committee of Board members and staff has worked to define the project scope and procure bids from multiple local builders. The process resulted in the selection of a general contractor who comes to us highly recommended and well-qualified for the project. The total renovation budget is $130,000.
Rental units that are owned by Families Together is part of our new strategic approach to build a portfolio of housing that is affordable for extremely low-income families. This property includes a large 3500+ square foot house on a 1.5 acre lot which has the potential for future development.
Our immediate goal is to renovate the house and create a duplex with two 3-bedroom units. When completed, it will be used to provide urgently-needed affordable permanent rental for families with children who have been stuck living in motels.
To ensure affordability, families will pay no more than 30% of their income for rent.
As the property owner, Families Together will be able to preserve the units into the future for families experiencing homelessness.
Our next steps:
We have a contractor and a budget. Now we need to raise $130k to complete the renovation project. Exciting news! We’re already nearly halfway to our goal with $60,000 pledged to a Match Fund by six long-time friends of Families Together!
The Match Fund will be used to triple all donations to our house renovation project and affordable housing initiative expansion.
Every dollar will make a difference, especially when tripled in value. Learn more about the impact you can make here.
