About Housing Fund
The High Point Community Foundation Housing Impact Fund will focus on convening, advocating and aggregating funds to address High Point’s critical shortage of quality, affordable housing. We believe this is currently an unmet need that will have a direct impact on our local economy, quality of life, and the future growth of our community.
This will be an opportunity of our Foundation, City of High Point, Private Foundations, the business community, and our banking institutions to work in tantum to leverage resources for maximum impact. Housing Funds are a proven solution that has been instrumental in several North Carolina communities by providing a dependable, low cost, financial resources to incent and encourage for-profit and nonprofit developers to build much needed multifamily structures.
The goal is to raise a $40 million loan program that will be overseen by a proven resource, Self-Help Ventures, who have already managed several transformative community Housing loan programs. We seek to increase the inventory of attainable housing projects that can serve our ever-expanding local population. Healthy quality of life resources produce vibrant communities that take a population for good to great.
“With the tremendous growth that High Point has and will continue to experience in the coming years, it is imperative that we focus now on the current and future housing needs of our community. Without this concerted effort to provide ample and diverse housing options, our employers and business owners will not have access to the local workforce that is needed to support this economic growth and will be forced to look outside of our community for talent.”
Rachel Collins, IOM
Business High Point Chamber of Commerce, President & CEO