6th Compact
Affordable Housing
Truckee Meadows Tomorrow (TMT) announced its newest quality of life compact December 2004 to address affordable housing (one of the land use and infrastructure community indicators) with Charles Schwab Bank and partners. Secondary issues include capacity building for Community Based Organizations focused on affordable housing, improving financial literacy, and asset accumulation (Nevada ranks very low in this area). Compact partner, Reno Housing Authority’s Hillboro Place, was nominated in the August 2005 issue of Affordable Housing Finance as 1 of 3 “best affordability housing proecjects” nationally.
Goals:
- Implement a statewide data base that identifies housing resources and housing needs in the State of Nevada and Washoe County.
- Build capacity within Community Based Organizations and developers in an effort to increase those that can support and build affordable housing.
- Increase the number of housing grants and funding awards in Washoe County
- Provide homeownership education and down payment assistance to low/moderate (80% of median) income individuals and families.
- Increase number of affordable rental housing units.
- Increase the number of affordable housing homeownership opportunities.
For more information on the Voter Turnout Compact, contact:
Nancy E. Brown, Charles Schwab Bank