Leveraging MacKenzie Scott Support for Community Impact
It is particularly heartening to see so many affordable housing groups among the 2023 Yield Giving recipients, with HPN members like Bridge Housing, Century Housing Corporation, Champlain Housing Trust, Community Preservation Corporation, Mercy Housing, National Housing Trust, New Jersey Community Capital and Project for Pride in Living awarded more than $100 million to support their organizations and their work.
Because of its flexibility, this kind of unrestricted money is powerful fuel for nonprofits. It supports long-term impact in ways that program-specific funding, on its own, simply cannot. At HPN, we are leveraging the funding to:
- Directly address capital gaps for our affordable housing developer members
- Strengthen HPN’s financial foundation, so we can deepen member services in the future
- Implement our new three-year strategic framework, blending it with other resources to advance opportunities for our HPN members, as well as families, communities, and our national housing infrastructure—making sure that racial equity is woven throughout
Ms. Scott’s generous support will deliver benefits to tens of thousands of people who are searching for quality affordable housing, and make their communities safer, stronger, and healthier as well.