Fort Worth will exceed its goal of 200 permanent supportive housing units that bring affordable homes to underserved demographics. The Fort Worth Housing Finance Corporation and private donors have raised $10 million for 218 homes across four council districts.
Stepping back a bit
Permanent supportive housing (PSH) is housing + social services for people who have experienced at least one year of documented homelessness or lack housing due to a disability. PSH provides long-term rental assistance and case management to help people secure and remain in safe housing.
Let’s talk about the money
The Fort Worth Housing Finance Corporation (FWHFC), a public organization that finances and develops low- and moderate-income homes, provided $5 million that was matched dollar-for-dollar by seven private foundations.
Four organizations continued their ongoing support of affordable housing in the area:
While three organizations became new partners during this round of funding:
PSH in FTW
The public-private partnership has already created 100+ PSH homes in the area: New Leaf Community Services, 48 homes at 444 Quail Trail that opened September 2021, and Presbyterian Night Shelter, 72 homes at 2400 Cypress St.
At the end of 2020, the city opened 119 PSH homes at Casa de Esperanza (3804 Tanacross Dr.) that were repurposed from a motel using federal Coronavirus Relief Funds.
With the funding goal met, Fort Worth will be able to offer safe housing to those who need it most. Stay tuned for information about future projects.