Gifts that Indwell receives from individuals, businesses, faith communities, service clubs and foundations provide the initial funding needed for construction of new affordable housing projects. These gifts, which generally make up about 10% of the total project costs, are crucial to the success of each project. They demonstrate community commitment and provide the base of funding which Indwell can then leverage to request grants and financing from the federal, provincial, and regional and local governments. Broad community support is a catalyst for other funding.
There have been recent changes in the availability, criteria and application processes for many government funding programs which support the construction and operations of affordable supportive housing. This will likely change the funding mix and timelines for Indwell’s future projects. Regardless, the donations and commitment to a project demonstrated by you, Indwell’s community of care, remains vital in obtaining these grants.