"It’s refreshing to see the faith-based community stepping up to help solve this social crisis,” said Mayor Cannon. “Donations to this fund from the private, non-profit and now faith-based sectors are a perfect example of how working together works as we are quickly closing in on our goal.”
Cannon spoke about the need for affordable housing at an event last week. That speech apparently propelled Elevation Pastor Steven Furtick into action.
“Affordable housing has been a problem in Charlotte for many years,” Furtick wrote in a letter to Cannon. “Together we can lead the way in ending homelessness one family, one senior and one veteran at a time.”
The Social Impact Housing Fund is a public private partnership created to provide short-term rental assistance for families and veterans earning 50% ($32,000) and below the Area Median Income. The $20 million dollar endowment includes a $10 million dollar commitment from the city over the next five years and a $10 million dollar commitment which is being raised by the Foundation For The Carolinas from donors.
Brian Collier, Senior VP of Community Programs and Civic Leadership at Foundation For The Carolinas, thanked the church for its gift.
"This is a wonderful gift from a church that has quickly earned the reputation for being very thoughtful and strategic with their philanthropy,” Collier said.
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