Good Samaritan Ministries has been awarded a three-year grant to grow our capacity to provide more affordable housing in Ottawa County. The grant was awarded through United Way’s Responsive Grant Fund, which is part of the Housing Initiative Fund. The Responsive Grant Fund creates or funds innovative projects with local partners outside of United Way’s typical funding cycle. Grants are awarded by a panel of funders and housing experts assigned by the Housing Next Leadership Council.
The purpose of the grant is to build Good Samaritan Ministries’ capacity to provide high quality property management services to private landlords renting to households earning less than 80% of the Area Median Income (AMI). Affordable units are defined as rental rates at or below the fair market rates published by the U.S. Department of Housing and Urban Development (HUD) by unit size. The current competitive market rates in Ottawa County usually exceed the fair market rates.
The grant provides the startup funding and support needed to reach the scale necessary to be a self-sustaining service funded by fees from landlords. The grant also funda incentives and services to increase the number of affordable units available and increase the housing stability of households. The grant funds will be utilized over a three-year period in order to achieve sufficient scale to be self-funded.
Stay tuned for more information about this new initiative!
Please contact GSMProperties@GoodSamMinistries.com with questions.