RIVERSIDE, CA-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that Springboard Nonprofit Consumer Credit Management Inc. and Money Management International establish a joint venture to address the affordable housing crisis in the US. Through a $25 million dollar initiative, the nonprofit organizations aim to assist 5,000 families by providing affordable housing units in select markets across the nation.
According to HUD, there are 12 million American households paying more than 50% of their gross income on rent. In addition, nearly 1.5 million low to moderate-income housing complexes will lose their benefits in the next two years due to regulatory expirations.
According to a prepared statement, this increase in the need for affordable housing and the decrease in available units creates a unique opportunity for housing counseling organizations to get involved by providing financial education and resources that are designed to not only provide affordable housing, but also assist in empowering individuals and families to find solutions to their financial concerns and elevate their overall quality of life.
“As an organization that has assisted nearly 600,000 struggling consumers through housing counseling services since the beginning of the financial crisis, we understand the hardships and the incredible financial strain faced by those in need,” says Ivan Hand, president and CEO for MMI. “We also know what it takes to assist these families in understanding their options and ultimately securing affordable housing.”
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
