Communities both urban and rural have found that the need for affordable housing increasingly surpasses the supply. Throughout the country, community-based nonprofit organizations have emerged as effective producers of affordable housing often in partnership with local government, financial institutions, foundations, or others. We commend the nonprofit organizations that are producing affordable housing in communities not only in the Eleventh Federal Reserve District but across the country.

A strong community-based non profit organization, solid community support, committed partners, good planning, and a sound financial plan are the ingredients for successful affordable housing development. Many nonprofit organizations have put these ingredients together to rehabilitate single-family homes, create new single-family developments, rebuild multifamily housing and even build new multifamily complexes. This important work provides affordable housing for individuals and families, whose lives will be made better by your organization’s efforts and those of other nonprofit community-based organizations taking on the challenge of developing affordable housing.