Family Promise fast-tracks fundraising in hopes of buying 10 homes for affordable housing
“’This is not a one-and-done,’ Thaxton said. ‘These housing units will take families in crisis, stabilize them, move them along and take another family in crisis and stabilize them and move them along, over and over and over again.’
While Family Promise’s effort is novel for the Sarasota area, Thaxton said nonprofits in larger urban areas have had similar efforts.
Those efforts are successful, the former county commissioner added, when government contributes as well. He pointed out the need for a more robust state affordable housing trust fund as one solution but added that a renewable local source would be helpful too. ‘
‘It will take not-for-profits, such as you see here with Family Promise and foundations and it will take private investors like you see with Mr. Miller, it will take government easing some of the restrictions to making affordable housing affordable,’ Thaxton said ‘It is very safe to say that this type of housing is part of the solution.'”