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Sponsors is "On the Move" Sponsors project on Highway 99 receives federal tax credits.
At the end of October Sponsors received notice that the agency's application for $3.1 million in federal tax credits and $173,000 in state grants had been awarded. At the end of July we submitted our Consolidated Funding Cycle (CFC) application to the Oregon Housing and Community Services (OHCS). The CFC application includes funding from the State Housing Trust Fund and the Low Income Weatherization program. The bulk of the complex and highly competitive application provides federal tax credits issued by the state through the Low Income Housing Tax Credit Program (LIHTC). In total the CFC will provide funding for approximately 60% of the total project cost. We have already received a commitment of $730,000 in HOME subsidies from the City of This $5.5 million dollar project will significantly expand the agency’s capacity by adding:
There will be numerous economies of scale achieved by centralizing our operations that currently exist in buildings that we rent on scattered sites. We presently spend over $125,000 annually on rent and utilities in these dilapidated buildings that have extremely high utility usage. We will also be able to manage our donations more efficiently with a building dedicated to storage of supplies and donations. We will have space for meeting rooms where we can offer:
For more information please contact Paul Solomon or Ron Chase at (541) 485-8341. SPONSORS IN THE NEWS: FRONT PAGE REGISTER-GUARD STORY (10/16/08) Click here
Your help is more important than ever! Click the donate button on the left of the screen to give today.
Watch our 9 minute video about Sponsors Sponsors is based on the belief that people can and do change, and that a strategic intervention at the appropriate moment can serve as a catalyst in that change. Sponsors Mission Statement To assist men and women from Lane County released from Oregon State correctional facilities and the Lane County jail in making a successful re-entry into the community. Success results in: (1) a safer community; (2) the reunification of families and children; (3)the establishment of the released offender as a positive role model for his/her children; (4) citizens who pay taxes and are contributing, productive members of the community.
Sponsors, Inc. © 2008 Sponsors, Inc
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