Spring 2013 Housing Development Updates
Partnerships Create More Opportunities for Stable Housing
With the support of Wells Fargo, PPL launched the Foreclosure Prevention Emergency Repair Program in February. This new effort provides homeowners who face the tough choice of paying for a repair that would keep their home safe or keeping current on their mortgage to avoid foreclosure, with a one-time grant up to $7,500 for an emergency repair. In addition to the grant, homeowners receive support through the repair process and financial coaching services. This strategy of assisting at-risk homeowners will ensure greater stability for neighborhoods shaken by the foreclosure crisis.
For qualification information, call PPL at 612.455.5221 or click here.
Giving Renters a Chance to Own
We are pleased to launch an innovative partnership with Urban Homeworks. Together, we will be purchasing and renovating 100 foreclosed single family homes in north Minneapolis over several years. The homes will initially be offered to qualifying individuals and families as quality affordable rental housing.
Financial literacy workshops and coaching services will then be offered to residents, supporting their ability to gradually make the transition from renter to homeowner. With support from Pohlad Family Charities and the Twin Cities Community Land Bank, the first phase of this project, known as Northside Homes, is underway.
Supporting Positive Futures
A new partnership with Ujamaa Place is a small, but powerful step in helping address the significant need for stable housing for young men impacted by homelessness. “Our apartments, combined with the excellent staff and resources of Ujamaa Place, help meet the needs of some of the hardest individuals to serve in our community,” said Barbara McCormick, PPL Vice President of Housing.
Located in the Summit-University Neighborhood of St. Paul, PPL’s housing will provide homes for Ujamaa Place participants who are engaged in skill-building and educational advancement to gain greater economic and housing stability, and to create a positive future for themselves.
Otis Zanders, Ujamaa Place CEO says, “One of Ujamaa Place’s ultimate outcomes for participants is stable housing. Most of our participants are homeless and/or have multiple barriers that prevent them from being able to rent or purchase a home. Without stable housing, it’s very difficult for our participants to address the other transformational goals in their lives. Our partnership with PPL allows us to address this critical need in an environment that’s a continuation of our daily programming. This unique opportunity to place Ujamaa men and their families in supportive housing units is a huge boost to our growth and credibility.”
Celebrate With Us!
Join us for an open house at Fort Road Flats, our newest housing in St. Paul, on Thursday, May 2, starting at 4:30 p.m. Click here for more details.