ACKNOWLEDGE We will ACKNOWLEDGE the current state of race and equity through highlighting inequities, historic hurdles and challenges, etc.
STRATEGIC PRIORITIES:
G
Listening, Partnering and Engaging our Neighbors
Extending and Diversifying our Mixed-income Housing
Extending and Diversifying our Mixed-income Housing
Igniting New Approaches to Strengthen Our Model
WE SUPPORT OUR PURPOSE AND MISSION BY: Producing quality and sustainable mixed-income housing for families and communities with respect and dignity.
Expanding Our Model of Place-Based Development
AFFIRM We will AFFIRM what should be done in general to work against these inequities
Growing our Local Economy through Creation of Jobs and Business
ACT We will ACT by committing to right wrongs through our work
• Scaled our single-family production. • Owner Developer on multi-family properties. • Clear vision on mixed-income housing with a healthy mix. • Robust financing model for home ownership.
• Professionally managing leasing. • Operational and sustainable CDFI producing down payment assistance and mortgages for families in the neighborhood.
OUR THINK BIG VISION SNAPSHOTS By the end of 2026, we want to see
2021 2022 2023 2024 2025 2026
Complete up to 20 units of single-family workforce housing Add 220 units of multi-family rental apartments FCS Community Finance is a fully certified CDFI with fully functioning with mortgage and down payment assistance products Explore creative and innovative new tools to deepen affordability and increase density such as Accessory Dwelling Units(ADUs), land trust and small infill developments Add up to 30 units of single family rental housing Assemble property for up to 3 additional apartment complexes
CRITICAL INITIATIVE
• Number of single family properties developed annually against goal - Baseline = 15 Workforce, 5 Rental. • Neighborhood Wealth Creation - explore strategies for effectively assessing the impact of our efforts on wealth creation. • Ratio of single family homeownership - Baseline = 62% - Goal is 2/3 or 66%. • Percent of low-income homeowners - Baseline = 30% - Goal is 50% of total homeowners.
HEADLINE INDICATOR How we will measure our progress to this vision (measures, indicators and/or outcomes)
ORGANIZATIONAL GROWTH & CULTURE How we will build and grow the high performing team that can best realize this vision
• We will strengthen our team to support increased annual housing production goals. • We will utilize emerging tools available in zoning, finance, and design to innovate new models of affordability. • We will continue to secure properties and land to ensure years of affordability within our targeted geography.
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