The formation of the Sarasota Housing Funding Corp as a 501c3 affiliate of the Sarasota Housing Authority (SHA) was a major step in the entrepreneurial growth and vision of SHA. While SHA qualifies as a 501c1 non-profit, it is not eligible for the same funding sources as a 501c3. It is for that reason that SHA decided to create its first 501c3, the Sarasota Housing Funding Corp.
HUD has encouraged housing authorities to create non-profit affiliates to expand the potential funding sources needed to develop and expand the supply of affordable housing in their jurisdiction as well as to expand services for our residents.
SHFC has partnered with the City of Sarasota and Sarasota County governments to develop 56 affordable apartments in Sarasota that are owned and managed by SHFC and leased to low and very-low income families. SHFC is now looking to continue addressing affordable housing challenges locally, including permanent housing for homeless, veteran housing, housing for victims of human trafficking, and other housing needs. These housing needs and challenges should be community efforts addressed through community partnerships, not just depending on HUD grants, which are being cut each year.
SHFC’s mission is to expand the supply of affordable housing in Sarasota
And advance the goals and mission of the Sarasota Housing Authority
SHOP with a COP (2017 Campaign)
SHFC is proud to have a profile on The Giving Partner website.
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Nonprofits with published profiles have made a commitment to transparency by answering questions about their results, leadership, needs and financial history.
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