Affordable Housing Developments Merge after Funding Loss

Housing First, a small affordable housing development organization that owned and managed 22 housing units in Juneau, Alaska, faced the prospect of closing its doors and putting families in need out on the street as federal and state funding for affordable housing steadily declined. In order to continue serving people in need, Housing First sought to merge with a larger community development organization. In 2013, Housing First merged with the St. Vincent de Paul Society of Juneau, which operates one of the largest affordable housing portfolios in the city. In addition to keeping Housing First’s 22 affordable housing units in operation, the merger resulted in significant annual cost efficiencies from shared management of the housing portfolios. Funding from a SeaChange-Lodestar Fund for Nonprofit Collaboration grant supported merger expenses.

Grant Information

Grant Amount: $13,000

Year Granted: 2013

Grantee: St. Vincent de Paul Society of Juneau

Location: AK - Alaska

Grantee Website: St. Vincent de Paul Society of Juneau