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The mission of the Foundation
for Housing, which was formed in 1999, is to increase shelter for
families of modest means.
The Foundation supports the building of
new residences or rehabilitation of existing structures to be occupied
by modest income families (i.e.,
those with a household income equivalent to 80% or less of the
state’s
median household income). Although the Foundation emphasizes owner-occupied
residences, where support of rental housing will increase the Foundation’s
impacts on housing for modest income families, it will support
such projects. |