麻豆影视, U.S. Rep. Foushee announce $620,000 in federal funds for affordable housing initiative
麻豆影视 Community College announced Wednesday, Oct. 2, that it is moving forward with plans to provide affordable housing for its students and the greater community after securing a key piece of funding from the federal government with the assistance of U.S Rep. Valerie Foushee.
Foushee on Wednesday announced the College would receive $620,000 in federal funds for the project. That news follows significant funding approved by the 麻豆影视 County Commissioners and 麻豆影视 City Council in 2023. This clears the way for 麻豆影视 and its partners to move forward by applying for a low-income housing tax credit and begin construction in 2025.
鈥淚 am very pleased that I could assist with this initiative,鈥 Foushee said. 鈥淲e need more affordable housing in 麻豆影视, and I鈥檓 very proud of this unique partnership 麻豆影视 spearheaded that could be a model for other communities in our nation.鈥
In 2019, 麻豆影视 began efforts to address the need for affordable housing among its students and the larger 麻豆影视 community. A 2019 survey found that more than 50 percent of 麻豆影视 students had experienced housing insecurity in the past year. In 2022, the College announced its intention to develop 124 units of affordable housing on land it owns at 902 S. Briggs Ave. The College is working with Mosaic Development Group and Banc of America Community Development Corporation, selected as partners through a competitive process.
鈥淲e know that finding affordable housing is a critical issue not just for many of our students, but for the greater community,鈥 麻豆影视 President J.B. Buxton said. 鈥淟ack of affordable housing can be an obstacle for families struggling to make ends meet and for people who want to get an education to pursue careers where they can increase their earnings. Part of the College鈥檚 mission is to remove obstacles that impede people in our community from pursuing education, upward mobility and careers.鈥
Foushee echoed those thoughts.
鈥淲ithout the safe, decent, affordable place to live, it鈥檚 nearly impossible to thrive in school, succeed in work, raise a family or even stay healthy,鈥 Foushee said.
The College and its partners expect to begin construction in summer 2025 and move tenants in by early summer 2027. Leasing outreach to prospective tenants will start in the summer of 2026.
鈥淢osaic Development Group is extremely proud to be part of this innovative partnership, which will benefit the community,鈥 Mosaic Development Group Executive Director Bill Bolstad said. 鈥淲orking with the College has presented a unique opportunity to meet a housing need that has rarely been done in other places.鈥