August 2011

Media Contact: Jeanette Duncan (805) 781-3088 or Rochelle Rose (805) 962-5152 x227 rocheller@pshhc.org

August 10, 2011

Peoples' Self-Help Housing Awarded $284,265.30 Affordable Housing Grant

Peoples’ Self-Help Housing (PSHH) was awarded three grants totaling $284,265 from NeighborWorks of America. PSHH is one of 115 NeighborWorks organizations to receive $34.9 million in Capital Funding for the Rehabilitation of Affordable Housing (CFRAH). This funding will be used at PSHH housing complexes in Westside Santa Barbara, Isla Vista, and Atascadero.

In addition to enabling nonprofit small businesses to acquire and rehab properties, it is anticipated that the grant funding will also jump start local economies through the creation of more than 1,000 jobs and will produce in excess of $300 million in economic activity.

According to PSHH Executive Director Jeanette Duncan, the grant funds will be used for energy saving solar hot water systems and other renovation projects at Peoples’ affordable apartments in Santa Barbara, Isla Vista, and Atascadero. “These funds are greatly needed for some of our older properties. The influx of funding will also provide jobs and economic activity in these three communities,” stated Duncan.

Founded in 1970, Peoples’ Self-Help Housing has developed 1,150 self-help home ownership residences and over 1,350 affordable rental units in San Luis Obispo, Santa Barbara, and Ventura counties. For 40 years, the non-profit organization has not only developed affordable housing in over 30 cities and communities but has also provided community facilities, supportive housing programs, financial education, and youth after-school education--programs that foster greater self-sufficiency for low-income households, seniors, the formerly homeless, and special needs households.

The Capital Funding for the Rehabilitation of Affordable Housing grants were made possible through the Public Laws 111-142, 111-290, 111-317, 111-322, 112-4, 112-6 and 112-10 the final bill signed into law on April 15, 2011. Just four months after the CFRAH funds were appropriated to NeighborWorks America, communities across the country are able to put the funds to immediate use. Demand for these funds far exceeded the amount of funds available; eligible applicants requested over $53,000,000 in grant funds.

For more information about the capital grant or Peoples’ Self-Help Housing please contact PSHH Executive Director Jeanette Duncan at (805) 783-4454 x454.