And what a year it has been! National CORE and Hope through Housing have never been busier. The pandemic put a spotlight on the housing crisis and the vulnerability of at-risk populations. We are proud to be an essential business and remain committed to creating an environment for our staff and our residents in which love, dignity, self-respect, and community pride can flourish.
In 2020, our team worked on the frontlines like never before, addressing the immediate needs of thousands of children, families, and seniors throughout the pandemic. National CORE continues to grow, welcoming more than 120 new employees to our team. We are building the most robust development pipeline in the history of the organization and we are expanding our efforts to develop permanent supportive housing for the homeless population. This year we also added additional affordable housing options for low- to moderate-income families through naturally occurring affordable housing (NOAH).
Other highlights from the year include:
- Completed more than $65 million in construction this year.
- Contracted 54 solar projects across our portfolio, estimated to save the organization more than $50 million over the next 20 years.
- Received over $5 million in general contracting fees.
- Added 620 units of naturally occurring affordable housing (NOAH) to our portfolio.
- Completed construction on San Ysidro Senior Village in San Diego and Day Creek Senior Villas in Rancho Cucamonga.
- Received 10 new financing awards (AHSC, LACDA, FHLP AHP, 9% Tax Credits, City of Escondido Funds, San Diego County IHTF Funds, San Diego Housing Commission Funds, City of Riverside, CDLAC PAB + 4% LIHTC).
- Closed financing on developments in San Pedro, Santa Ana, and Cathedral Palms
- Began construction in Riverside on our first affordable and market-rate single-family home development.
- Delivered more than 90,000 meals and bags of food to families and seniors.
- Assisted residents in applying for more than $600,000 in rental assistance.