In 2008, The Boston Foundation made a $2 million PRI to the Neighborhood Stabilization Loan Fund, a statewide five-year public, private, and philanthropic partnership organized to finance the acquisition and rehabilitation of foreclosed properties in distressed communities. The fund has grown to $22 million and has financed 468 units of housing, preserving over 150 units for families with incomes less than half of the area median income. The foundation created SkillWorks, an employer-led workforce development initiative to train and connect low-income persons and entry-level workers to jobs in the health care, automotive, and hotel industries. The program has become a model for the National Fund for Workforce Solutions.
The Boston Foundation
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