Strong Families Fund
The Strong Families Fund is a ten-year initiative of the Kresge Foundation, Robert Wood Johnson Foundation, Corporation for Supportive Housing, Stewards of Affordable Housing for the Future, the Community Development Trust, Goldman Sachs, and National Affordable Housing Trust. The purpose of The Strong Families Fund is to stimulate and support innovate strategies to design, deliver, and measure the impact of Resident Service Coordination for families. The fund combines federal Low-Income Housing Tax Credit for capital development with a pay-for-performance model to provide access to up to 10 years of incentive payments for developments. In return, developments must provide on-site social-service coordination targeted to improving resident and property outcome measures in five areas, including health and wellness, housing stability, and education. Multiple studies have cited improved outcomes for families and children from high-quality affordable housing with well-defined links to services. Such settings, research shows, also may lead to a reduction in other public-sector costs.
With the assistance of The Strong Families Fund, residents have access to a variety of supportive services through the coordinators specifically tailored to the needs of the community. Innovative approaches have been taken to integrate stable housing with community services such as finance management classes, nutrition and exercise classes, and after-school tutoring. Residents are eligible to participate in the services at no additional cost. This gives residents opportunities to improve their health and wellness, increase the success of their children in school, and live independently with dignity. A stable, healthy home sets the foundation for families to build brighter futures.