FOR IMMEDIATE RELEASE – Central Coast, February 24, 2021 – People’s Self-Help Housing (PSHH) received a generous gift of over $7,000 from California-based nonprofit Merritt Community Capital. This funding will provide direct support to over 230 households at five PSHH properties: Dahlia Court II, Pismo Creek Bungalows, Casas de los Carneros, Courtland Street Apartments, and Villa la Esperanza.
“We are so grateful for the continued dedication and partnership of Merritt Community Capital,” said CEO and President Ken Trigueiro, “This funding will financially assist many of our residents helping to meet their needs and bridge any housing related challenges they are facing amidst the pandemic.”
Merritt Community Capital is a mission-based nonprofit that provides equity capital for affordable housing exclusively in California. They partner with mission-aligned affordable housing developers throughout the state to ensure the most critical communities are developed and/or maintained for low-income residents. Since 1989, Merritt Community Capital has financed more than 9,000 affordable homes, and has invested approximately $950 million in 22 separate funds. They are a west coast member of the National Association of State and Local Equity Funds (NASLEF) and serve investors, developers, and consultants of LIHTC affordable housing properties.
This gift was made to the PSHH Resident Assistance Fund, a special initiative that provides direct financial support to residents for medical, food, and utility emergencies. As the effects of the coronavirus change daily life for all, a gift to this fund provides, in the most flexible and effective way, support to any of PSHH’s 5,000 residents who find themselves in urgent need. Community members can make a direct gift to this important cause at pshhc.org/resident-assistance-fund.
About People’s Self-Help Housing (PSHH)
Founded in 1970, PSHH is the longest-serving nonprofit affordable housing organization on the Central Coast. With a mission of building homes and providing services to strengthen communities and change lives, PSHH serves low-income households, working families, seniors, veterans, farmworkers, those living with disabilities and the formerly homeless. It also provides homeownership opportunities through a self-help, “sweat equity” program that has seen over 1,200 homes successfully completed. PSHH has a presence in San Luis Obispo, Santa Barbara, Ventura and Monterey counties, manages over 2,000 rental units, and employs over 200 staff members. For more information, visit pshhc.org, email email@example.com or phone (805) 781-3088.
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