Alliance Housing a New Chapter

new-developmentAlliance Housing Inc. is like an enduring classic novel. Its theme or story line remains unchanged. Give people a second chance. Rent to individuals and families with a history of homelessness, at the bottom end of the wage scale, and those who have often been screened out due to their rental or criminal history by other landlords. Make it work with simple expectations – pay rent mostly on time and behave as a good neighbor and tenant. Keep property management relational and lean. Develop new properties and rehab existing properties with no amortizing debt. Reach out to donors like yourselves to help us keep rents 15-25% below market so that our tenants can remain stably housed, retain jobs and get their kids to school. 2014 was a year of transition for Alliance Housing Inc. The board of directors stewarded the organization through a leadership change. To continue the book metaphor, it appears existing funders, partners and contributors have turned the page to the new chapter with us. The next real estate development chapter also contains some old and new. In the last chapter, some funding was raised for Jordan Apartments and a property to house homeless adults, aged 55+. Both have existing funding commitments from the Federal Home Loan Bank of Des Moines. In addition, Jordan has some funding from the City of Minneapolis and the 55+ project has funding from the Sisters of Carondelet and Mount Olive Lutheran Church. Opportunities and need abound. The board of directors used part of its August 2014 planning session to begin to provide focus and priority to future projects.

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