News Release 11/ 26/ 2019

NorthMarq selects community organizations focused on affordable housing, reducing homelessness to receive grants in 11 U.S. cities

MINNEAPOLIS, MINNESOTA (November 21, 2019) For the second year, NorthMarq’s Executive Committee has awarded grants to several organizations focused on expanding affordable housing and reducing homelessness in 11 markets across the country.

“Because over half of our business consists of originating loans for multifamily properties, we understand the severity of the affordability issue in workforce and senior housing. We are also aware of the impact that a lack of stable, safe housing can have on both families and communities,” said Jeffrey Weidell, president-NorthMarq. “Our leadership encourages offices to be involved in their communities, and this program lets our company help extend their existing volunteer or financial support.”

The local managing directors, who provided background on their office’s relationship with the non-profit, nominated each organization. Both reducing homelessness and improving opportunities for affordable housing align with the mission of the Pohlad Family Foundation and the Pohlad Companies, owners of NorthMarq.

“As a national company, and given the collective commitment to the community from our company and our owners, it is important to broaden our company’s support outside of Minnesota,” said Travis Krueger, chief administrative officer. “In addition to the financial contributions, we encourage our employees to donate their time to support local organizations.”

NorthMarq awarded grants to these organizations:

Affordable Housing Organization Focus Area  Location  
Foundation Communities Operate 23 communities of affordable, attractive homes and free on-site support services for families with kids, veterans, seniors, and individuals with disabilities.
Austin
Brevard Rescue Mission Brevard owns two apartment complexes, and plans to add 13 existing buildings. Tampa
Project for Pride in Living PPL is planning for a new affordable housing project
Minneapolis
Sage Housing, Inc. The organization is acquiring an eight-building development that they plan to renovate and restrict rents for extremely low-income families. Funds will go toward renovations.  Boston
Community Housing Works Provides affordable housing and services to low income people such as youth tutoring and mentoring, and financial and health education to adults. San Diego
Wartburg Operates senior residential and healthcare services to both residents on their 34-acre campus and seniors in their own homes. White Plains, NY
New Hope Housing The organization provides life-stabilizing, affordable, permanent housing with support services for people who live on very limited incomes. Houston
Homelessness Eradication Purpose/mission Nominator
A Safe Haven Helps individuals transition from homelessness to self-sufficiency by offering a variety of transitional, supportive, senior, and affordable housing options. Chicago
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
YWCA of Greater Cincinnati Operate a shelter for women who are victims of domestic abuse. Cincinnati
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