RMCRC Funding of a New Multifamily Housing Project and Community Resource Center to Address Homelessness and Affordable Housing Shortage
14 Agosto 2024 - 10:05AM
Business Wire
Project includes the addition of 66 affordable units and
transformation of the historic Harris Elementary School into a
community resource center
Rocky Mountain Community Reinvestment Corporation (RMCRC), a
leading nonprofit dedicated to fostering affordable housing across
the Rocky Mountain region, announced the funding of the Harris
Community Village in Tooele, Utah. Developed in partnership with
the Tooele County Housing Authority, Switchpoint, and Giv
Communities, this new project will provide 66 units of permanent
supportive housing for individuals earning 35% or less of the area
median income (AMI) and a 44-bed shelter for individuals and
families. This project supports the Tooele County Housing Authority
in its mission of enhancing the availability of quality, affordable
housing.
“Harris Community Village is a much-needed resource in our
community and will provide important services to those in need for
many years to come. We value the partnerships and collaboration
that took place to create this amazing facility,” DeAnn
Christiansen, executive director of Tooele County Housing
Authority, said. “We are honored to be part of such an important
endeavor to help individuals and families work their way out of
poverty. We see Harris Community Village as a ‘homeless prevention
facility’ and appreciate all who have funded, donated, and
partnered with us to get us to the finish line.”
The successful execution of this multifaceted project has been
facilitated by the collaborative efforts of Tooele County Housing
Authority, owner and developer; Giv Communities, developer;
Switchpoint, developer, service provider, and operator of the
community resource center; Utah Housing Corporation, the issuer of
the Low-Income Housing Tax Credits; and the Olene Walker Housing
Loan Fund, contributing subordinate lending. These partnerships
demonstrate a shared commitment to ending homelessness and
addressing the scarcity of affordable housing.
“Our goal with this project is to create a sustainable ecosystem
that supports our residents comprehensively,” said Carol Hollowell,
executive director of Switchpoint. “RMCRC is the permanent lender
for this unique project that integrates housing solutions with
essential services, not just providing a place to live but setting
a foundation for transformative community impact. RMCRC’s
contribution to the project has been one of the critical pieces to
making our vision a reality.”
A comprehensive range of services will be provided by
Switchpoint and are designed to address the immediate needs of the
community while creating long-term stability. Additional amenities
provided at the community resource center include an
around-the-clock childcare center and emergency food pantry stocked
to meet the nutritional needs of residents in crisis.
“This new multifamily housing project and community resource
center symbolize a major leap forward in our mission to increase
and preserve safe, clean, affordable housing,” said Christopher
Jensen, president and CEO of RMCRC. “Through community
collaboration and innovative approaches, we’re addressing the
urgent social challenges that face our community today.”
For further information and to follow the project’s progress,
please visit https://www.rmcrc.org.
About Rocky Mountain Community Reinvestment Corporation
(RMCRC)
Founded in 1999 by local banks to help fulfill their Community
Reinvestment Act (CRA) needs, RMCRC is a 501(c)(3) nonprofit
organization that provides permanent financing for affordable
housing benefiting low- to moderate-income households and
underserved communities across eight states within the Rocky
Mountain region. With a proven track record of success and a robust
portfolio of projects, RMCRC continues to drive substantial
community impact through innovative financial solutions and
strategic partnerships. For more information, visit
www.rmcrc.org.
About Switchpoint
Switchpoint was founded to offer comprehensive services to those
experiencing homelessness and struggling with poverty. Their unique
approach focuses on identifying and addressing the underlying cause
of economic hardship to ultimately create a meaningful life of
self-sufficiency. Switchpoint achieves its mission by operating
community resource centers that provide housing and services to
homeless populations, developing affordable housing projects, and
creating small businesses, including a thrift shop, doggy care, and
community garden that provide job-skill development opportunities
and financial support to their programs.
About Tooele County Housing Authority (TCHA)
TCHA is dedicated to enhancing the availability of quality,
affordable housing and related services utilizing various community
resources. The organization administers a range of programs,
including the HUD Family Self Sufficiency, USDA 523 Mutual Help
Program, and Home Buyer Down Payment Assistance. Additionally, TCHA
administers Shelter Plus Care and Continuum of Care vouchers. TCHA
has developed several affordable properties and currently owns and
operates 187 affordable units.
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Press Contact: Josh Heath
josh@ampliphicommunications.com