Piedmont Housing Alliance: Difference between revisions
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The [[Piedmont Housing Alliance]] ('''PHA''') is a non-profit organization that creates housing opportunities for low- to moderate-income families and individuals in | The [[Piedmont Housing Alliance]] ('''PHA''') is a non-profit organization that provides homebuyer education and creates housing opportunities for low- to moderate-income families and individuals in the communities served by the [[Thomas Jefferson Planning District Commission]].<ref name="pha">{{cite web|url=http://www.piedmonthousingalliance.org/index.php?pageId=190|title=official site|publisher=Piedmont Housing Alliance}}</ref> | ||
PHA was established in 1997 as a Community Housing Development Organization | PHA was established in 1997 as a Community Housing Development Organization and in 2001 it was certified by the U.S. Treasury as a Community Development Financial Institution (CDFI). As a CDFI, PHA received a $1 million grant from the federal government for down payment assistance and qualifies for another $700,000 pending proof that PHA has more projects at the "shovel-ready" stage. | ||
PHA is certified as a Housing Counseling Agency by HUD and Freddie Mac and more than 3,000 families have gone through the counseling. Over 500 families have gone through the homeownership education process with PHA and gone on to purchase a home. Additionally, PHA manages the Charlottesville Housing Fund’s asset base. | PHA is certified as a Housing Counseling Agency by HUD and Freddie Mac and more than 3,000 families have gone through the counseling. Over 500 families have gone through the homeownership education process with PHA and gone on to purchase a home. Additionally, PHA manages the Charlottesville Housing Fund’s asset base. | ||
==Projects== | |||
Since its inception, PHA has built and rehabilitated homes in [[Crozet]], [[Starr Hill]] and [[Hinton Avenue]]. The [[10th and Page]] project rehabilitated, completed or assisted thirty-one homes, helping provide low mortgage rates to struggling homeowners. Additionally, PHA helped to build the [[Hope Community Center]] on 11th street. | |||
==Funding== | |||
While PHA receives funding from both Albemarle County and the City of Charlottesville, this funding is typically leveraged 10:1 by matching grants or in-kind donations. This means that for the $150,000 given to PHA by the City each year, $1.5 million worth of projects are completed. | While PHA receives funding from both Albemarle County and the City of Charlottesville, this funding is typically leveraged 10:1 by matching grants or in-kind donations. This means that for the $150,000 given to PHA by the City each year, $1.5 million worth of projects are completed. | ||
==Design Marathon== | |||
PHA is a participant in the [[Design Marathon|2010 Design Marathon]] sponsored by the [[Charlottesville Community Design Center]]. | PHA is a participant in the [[Design Marathon|2010 Design Marathon]] sponsored by the [[Charlottesville Community Design Center]]. | ||
==External Links== | ==External Links== | ||
[http://www.piedmonthousingalliance.org/ official site] | *[http://www.piedmonthousingalliance.org/ official site] | ||
*[http://www.tjpdc.org/housing/piedHousing.asp Piedmont Housing Alliance] at the TJPDC website | |||
==References== | ==References== |
Revision as of 13:13, 19 March 2011
The Piedmont Housing Alliance (PHA) is a non-profit organization that provides homebuyer education and creates housing opportunities for low- to moderate-income families and individuals in the communities served by the Thomas Jefferson Planning District Commission.[1]
PHA was established in 1997 as a Community Housing Development Organization and in 2001 it was certified by the U.S. Treasury as a Community Development Financial Institution (CDFI). As a CDFI, PHA received a $1 million grant from the federal government for down payment assistance and qualifies for another $700,000 pending proof that PHA has more projects at the "shovel-ready" stage.
PHA is certified as a Housing Counseling Agency by HUD and Freddie Mac and more than 3,000 families have gone through the counseling. Over 500 families have gone through the homeownership education process with PHA and gone on to purchase a home. Additionally, PHA manages the Charlottesville Housing Fund’s asset base.
Projects
Since its inception, PHA has built and rehabilitated homes in Crozet, Starr Hill and Hinton Avenue. The 10th and Page project rehabilitated, completed or assisted thirty-one homes, helping provide low mortgage rates to struggling homeowners. Additionally, PHA helped to build the Hope Community Center on 11th street.
Funding
While PHA receives funding from both Albemarle County and the City of Charlottesville, this funding is typically leveraged 10:1 by matching grants or in-kind donations. This means that for the $150,000 given to PHA by the City each year, $1.5 million worth of projects are completed.
Design Marathon
PHA is a participant in the 2010 Design Marathon sponsored by the Charlottesville Community Design Center.
External Links
- official site
- Piedmont Housing Alliance at the TJPDC website
References
- ↑ Web. official site, Piedmont Housing Alliance