Sue Reynolds, President/CEO of Community HousingWorks (CHW), described the far-reaching impact of a multi-year grant from the Rancho Santa Fe Foundation. The grant made it possible for the Los Robles property to weather the Economic Recession of 2007 – 2009.
“This investment more than doubled Community HousingWorks’ impact on child and resident stability and mobility in this very low income, mostly Latino community,” she said.
CHW upgrades the properties it buys and provides learning programs for children and financial education programs for adults by raising money from the community to match money from rent paid by the residents.
When CHW purchased Los Robles in Vista, California, the property required deep renovation, just when the recession hit and both fundraising and rent payments were constrained. The Rancho Santa Fe Foundation’s three years of grants, from 2007 to 2009, provided money for programs to continue during this time when the rental income was only able to cover the maintenance of the apartments.
“The increased responsiveness to providing resources to meet resident goals through Los Robles programs also raised the residents’ trust in Community HousingWorks. When the financial markets strengthened, CHW had the needed resident support to refinance and deeply rehab the apartments in 2014,” Sue said. “We also built a sparkling community center at Los Robles that attracts families, unlike the dilapidated building it replaced.”
“That $19 million rehabilitation and refinance project also increased the matching funds, from apartment cash flow, that leverage CHW’s fundraising efforts, allowing CHW to continue the fulltime impact of our services. The result? More children and adults served, and a long-term, more sustainable funding model that has the promise to support a similar level of impact in the new Los Robles Learning Center for years to come,” Sue said.
The Rancho Santa Fe Foundation’s multi-year grant to CHW is a human story of hope and a vision of the future. People grew in trust and hope because promised programs were not interrupted during a difficult time economically and residents had the assurance of an ongoing and significantly upgraded place to live when the economy improved.
[Photo Credit: Mark Davidson, New Los Robles Community Room]