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APPLICANT

Western NC Housing Partnership Inc

Total Qualifying Score: 10
County (ARC Region): Yes
State (ARC Region): Yes
Q3. IRS Status: Nonprofit – 2
Q4. Parent Entity: No – 1
Q5. 2 or More Full-Time Employees : No (as of 12/31/2019)
Q7. Budget Level: $250,001 to $1.5 million – 5 (Last Fiscal Year Actual Income)
Q8. Restricted Reserves: No – 1
Q9. CARES Act Funding: No – 1
Q13. Participation by Executive: Yes


CONTACT & LOCATION INFORMATION

Western NC Housing Partnership Inc
Hendersonville, Cherokee County, North Carolina 28792
828-692-2243
Email
www

County (ARC Region) Cherokee
State (ARC Region) North Carolina


ORGANIZATIONAL & FINANCIAL INFORMATION

Q1. Mission:

Our mission is to work with organizations and individuals in both the public and private sectors to develop high quality affordable housing for workforce housing and older adults in a 31 county region of Western North Carolina

  • We work with local governments, COG’s and other nonprofits to identify housing needs
  • Recruit and partner with private developers and nonprofit organizations
  • We serve as a liaison between developers and local, state, and federal governments
  • We educate the general public, COG and elected officials about high quality affordable housing for hard working families

Q2. How organization aligns with ARC’s Plan & Goals:

We provide affordable housing that allows for greater entrepreneurial and new business development in Western NC.  The majority of our small town officials have indicated that affordable housing is a significant issue in their town and could create a barrier to entry of new business development.  Many town leaders have indicated that some employees are having to live outside the immediate area as affordable housing is unavailable.  We have invested in housing studies in more than 15 counties in Western NC.  The studies provided demographic and employment, income population and demand data for affordable housing needs.  These studies were shared with COG stakeholders, economic development directors, county managers and local town officials.

Q3. IRS Filing Status: 501(c)(3)   

Q4. Unit or Chapter of Larger Organization: No

Q5. Employees:

Full-Time/Part-Time Employees: 1/1 (as of 9/1/2020)

Full-Time/Part-Time Employees: 1/1 (as of 12/31/2019)

Current Year Income/Expenses: $149954/$149954

Q6. Fiscal Year: July-June

Q7. Budget Level

Last Fiscal Year Income/Expenses (Actual): $318715 / $120838

Current Year Income/Expenses (Projected): $149954 / $149954

Q8. Restricted Reserves (Amount): No ($)

Q9. CARES Act Funding (Amount): No ($)
Received From:   Date Received:
For What Purpose(s):

Q10. Negative Impacts from COVID-19:

COVID-19 has significantly restricted our ability to search for viable development land in most Western NC counties.  We are fortunate to be pursuing land in Murphy (Cherokee County) as it was identified prior to COVID-19.  While we have continued to provide in-depth housing market studies to COGs we have been unable to meet with them in-person or provide ‘live’ training.

Q11. Top Three Concerns:
Rent Moratorium and retaining our residents during this difficult time in our nation
Ability to develop affordable housing in Western NC as many trades people are not working at this time
Significantly higher cost of materials during COVID-19

How Participation in Program Will Address Concerns:

Our income projections have dropped significantly this year and certain projects may be delayed in completion resulting in further erosion of income. We would like to provide a housing study in every single county in Western NC but lack the funding at this time.  The data in these studies is of significant assistance to economic leaders and stakeholders.


COHORT INSTRUCTION

Q12. Applying as a Proposed Cohort? No

Q13. Executive Director or CEO Will Participate in the Program? Yes

Q14. Top Two Choices for Cohort Instruction:

Course #1 Choice: 1-Short-term Financial Management

Course #2 Choice: 2-Long-term Financial Management

Q15. Desired Course Schedule for Cohort Instruction:

#1 Desired Course Schedule: 1-Winter 2021 A: 5-Week Course (Jan. 25, 2021 – Feb. 28, 2021)

#2 Desired Course Schedule: 2-Winter 2021 A: 5-Week Course (Jan. 25, 2021 – Feb. 28, 2021)


APPLICATION SUBMITED BY:

Name: Joy Strassel Strassel, Executive Director

Application Approved by Organization Director or CEO? Yes, Approved by Executive Director/CEO

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