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"This is home. These are our people here. Our primary responsibility is the people of the Rio Grande Valley and we're committed to doing that."
That's the pronouncement of Nick Mitchell-Bennett, executive director of the Community Development Corporation of Brownsville, Texas, which has received a $3 million grant from JPMorgan Chase to build affordable housing in the Rio Grande Valley, the Brownsville Herald reports.
MiCASiTA - short for Come Dream Come Build - is a housing-and-lending program that uses modular housing built off-site and then delivered to the site, with software that allows homebuyers to design their own houses according to their budget, using real-time data on the cost of materials, land, and so forth in order to accurately estimate the total cost of the houses.
The off-site construction and modular aspects makes the MiCASiTA home base sale price 15% lower than a "stick-built" home, Mitchell-Bennett says, adding that the plan is to develop a fully functional program in the Rio Grande Valley that can be scaled for "other persistent-poverty communities of color" such as the Mississippi Delta and Pine Ridge Indian Reservation.
The other organizations receiving $3 million JPMorgan Chase grants are in California, Florida, New York, and the District of Columbia.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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Foundation: Latino Community Foundation
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