United Way of Broward County’s Housing United initiative funded $250,000 to Habitat for Humanity of Broward to support down payment assistance for 10 new Habitat homeowners. The financial aid helped the families who completed Habitat Broward’s homeownership program become homeowners. The partnership between the two nonprofit organizations leverages the power of homeownership to stabilize and revitalize local communities.
United Way of Broward County’s Housing United program involves a multi-pronged approach featuring a program-related investment (PRI) model to raise capital and philanthropic funds. It also features an advocacy component with a collaborative community effort. United Way of Broward County established the fund with funds from the MacKenzie Scott gift using an initial endowment of $10 million. It will leverage combined local, state and federal dollars with philanthropic donations to deliver 2500 affordable housing units over the next five years.