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National Low Income Housing Coalition Receives $5 Million Donation

 

 

Washington, DC - The National Low Income Housing Coalition (NLIHC) has received a donation of $5 million for the purpose of advancing the Coalition’s mission to achieve socially just public policy that assures people with the lowest incomes in the United States have affordable and decent homes. The donors wish to remain anonymous. NLIHC has established a new endowment with this gift.

 

NLIHC Treasurer Moises Loza announced the gift at NLIHC’s annual meeting in Washington, DC. The gift is from “long-time members of NLIHC who believe in our mission and admire our work,” Mr. Loza said.

 

“For an organization like NLIHC, a gift of this size is extraordinary and substantially expands our capacity.” Mr. Loza said. “The donation is to be used in whatever manner the board designates.”

 

In informing NLIHC President Sheila Crowley of the gift, the donors said NLIHC had been in their will, but they decided to make the gift now because so many people were suffering in the recession and the work of NLIHC was needed more than ever.

 

NLIHC organizes its work around three goals: to preserve existing federally assisted homes and housing resources, to expand the supply of low income housing, and to establish housing stability as the primary purpose of federal low income housing policy. NLIHC seeks to increase public support for progressive housing policy, to increase the capacity of state and local housing homeless advocates, and to educate federal policy makers on the housing problems of low income families.

 

One of NLIHC’s most widely cited reports is Out of Reach, which documents rental housing costs as compared to incomes in every jurisdiction in the country. Out of Reach includes the Housing Wage, the hourly wage that a full-time worker must earn to afford a modest two-bedroom rental home, paying no more than 30% of household income for housing. The national Housing Wage in 2010 is $18.44 an hour.

 

NLIHC is leading the campaign to establish a National Housing Trust Fund (NHTF), which will provide communities with grants to build, rehabilitate, or preserve rental homes affordable to the lowest income people. Congress created the NHTF in 2008, but has not yet capitalized it. NLIHC’s highest policy priority is to create dedicated sources of revenue to generate $15 billion a year for the NHTF.

 

The donors suggest NLIHC use their gift to challenge others to contribute to NLIHC. Mr. Loza also announced that NLIHC is mounting a challenge campaign for 2010 to match the $250,000 that the new fund will earn in interest and dividends this year.

 

NLIHC’s annual budget is $2.6 million; funds come from membership dues, contributions, and foundation grants. NLIHC does not receive any government funding. An existing endowment, the Cushing N. Dolbeare Endowment Fund, is named after the organization’s founder and was established in 2005.


Established in 1974 by Cushing N. Dolbeare, the National Low Income Housing Coalition is dedicated solely to achieving socially just public policy that assures people with the lowest incomes in the United States have affordable and decent homes.

 

 

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National Low Income Housing Coalition (NLIHC)

727 15th Street NW, 6th Floor, Washington, D.C. 20005

202/662-1530; Fax 202/393-1973; info@nlihc.org; www.nlihc.org



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