News Release 11/ 1/ 2018

NorthMarq Capital awards $50,000 to non-profit organizations focused on expanding affordable housing and reducing homelessness

Earlier this year, NorthMarq Capital’s Executive Committee budgeted $50,000 to fund non-profit organizations focused on expanding affordable housing and reducing homelessness in markets across the country. The committee received qualifying requests from employees across the regional offices and has now sent checks totaling $50,000 to organizations in 10 different markets.

“We are pleased to donate to non-profits that are doing great work to support affordable housing and address homeless issues,” said Jeff Weidell, president-NorthMarq Capital. “The Executive Committee was impressed by the level of passion and interest this introductory program received from offices across the country.”

Both reducing homelessness and improving opportunities for affordable housing align with the mission of the Pohlad Family Foundation. The Executive Committee reviewed community giving budgets from the last few years and saw an opportunity to expand the company’s giving outside our headquarters in the Twin Cities. In Minnesota, the company has been supporting Aeon and CommonBond, two organizations operating in the affordable housing space, with financial support, employee leadership and employee service projects.

“As a national company and given our owner’s commitment to the community, we thought it was important to extend our company’s support outside of Minnesota,” said Mike Myers, COO. “In addition to the financial donation, we encourage our employees to also donate their time to support the local efforts.”

The Executive Committee awarded grants to the following organizations:

AFFORDABLE HOUSING ORGANIZATIONS
Organization Focus Area Location
Preservation of Affordable Housing Preserve, create and sustain affordable healthy homes that support economic security and access to opportunity for all Boston
Bellwether Housing Create stable communities and opportunities Seattle
Community Housing Works To provide and build life-changing affordable apartment communities with resident-centered services for working families, seniors and people with disabilities to forge stronger futures San Diego
HomeAid Orange County Largest builders/providers of housing for homeless people. Los Angeles
New Hope Housing Houston Provide life-stabilizing, affordable, permanent housing with support services for people who live on very limited incomes. Houston
Housing Catalyst Mission-driven real estate developer that designs, builds and serves communities with homes that are affordable in Northern Colorado Denver
Wartburg A senior housing provider that created a new affordable housing option for low-income seniors Westchester
ENDING HOMELESSNESS ORGANIZATIONS
Organization Purpose/mission Location
Raphael House Help at-risk families achieve stable housing and financial independence San Francisco
The Carying Place Teaches homeless, working families with children life skills for attaining independent living while providing short-term housing and support services to address individual needs Raleigh
The Bowery Mission Helping the homeless and the hungry in NYC since 1879 and preparing people for work and independent living New York City
Family Gateway Provide stability and life-changing supportive services for families with children experiencing homelessness. Dallas
North Texas Food Bank Top-ranked nonprofit relief organization, providing access to more than 190,000 meals each day for hungry children, seniors and families across a 13-county service area. Dallas
Salvation Army Programs include addiction recovery, breaking the poverty cycle, disaster relief and offer homeless people clean, dignified temporary space. Dallas