Since 2019, the Fahe Network has invested over $27 million in Alabama, improving the lives of over 300 households through housing development, repairs, and other supportive services, transforming families and communities across the state.
Fahe Members are committed to ensuring Alabamians across the state have access to quality affordable housing. In 2020, Fahe Member Community Action Partnership of North Alabama (CAPNA) leveraged Low-Income Housing Tax Credits and HOME Investment Partnerships Program funds to build the Village at Bridge Creek, a 56-unit multifamily development housing low-income seniors.
Over the course of 10 years, this investment could result in $1.2 billion in economic impact, 7,500 full-time jobs, and more than $163 million in state revenue.
For comparison, the typical U.S. rental vacancy rate is 5-8%, according to the Census Bureau.
Employers need quality housing nearby to attract and keep workers. About 67% of larger companies say housing shortages make it harder to keep talent. Additionally, 58% report losing skilled employees due to a lack of affordable housing for working families.
Learn how state investments in housing can generate housing opportunities for working families.
If you are interested in becoming a homeowner, or want to explore refinancing options, check out Fahe’s lending arm, JustChoice Lending.
Our five year goal (by 2030) is $3 billion from investors, funders, and individual donors to support local leaders who are building and rehabilitating 60,000 homes and providing community services to benefit 1 million people.
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