Curated News
By: NewsRamp Editorial Staff
November 21, 2024

CAHEC Awards Open Doors Homeownership Grants to Housing Assistance Corporation and Habitat for Humanity Durham

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Source News Release

TLDR

  • CAHEC's Open Doors Homeownership Grant provides $25,000 to nonprofit organizations for affordable housing, giving them a competitive advantage in developing housing for low-income families.
  • The grant evaluates community need, positive impact, and strategy for addressing the shortage of affordable housing, ensuring a methodical approach to allocating funds.
  • The grant contributes to creating a better world by providing affordable housing to low-income families and addressing the struggle of homeownership in underserved communities.
  • The grant recipients, Housing Assistance Corporation and Habitat for Humanity Durham, are working on innovative projects to provide affordable housing, creating interesting and educational opportunities for families in need.

Impact - Why it Matters

This news matters as it highlights the critical support provided by CAHEC to nonprofit organizations developing affordable housing. The impact of the grants will be felt by families in need of affordable housing, creating a positive change in the community and addressing the shortage of housing for low-income residents.

Summary

CAHEC has awarded $860,000 towards its Open Doors Homeownership Grant initiative, providing housing to families earning 80 percent or less of the area median income. The 2024 recipients include Housing Assistance Corporation and Habitat for Humanity Durham, both receiving $25,000 to support their affordable housing projects. CAHEC is a community investment organization offering housing and life-changing opportunities throughout its Southeast and Mid-Atlantic footprint.

Source Statement

This curated news summary relied on this press release disributed by 24-7 Press Release. Read the source press release here, CAHEC Awards Open Doors Homeownership Grants to Housing Assistance Corporation and Habitat for Humanity Durham

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