MacKenzie Scott’s foundation is donating $10 million for affordable housing (exclusive)
The National Housing Trust will likely use some of the funding to modernize homes to be more climate-friendly—which should also drive down rents. By: Fast Company When Priya Jayachandran received an email from MacKenzie Scott’s foundation informing her that it was donating $10 million to her organization, she thought it was a hoax. She almost deleted the message. But the offer was legitimate. Scott’s philanthropic organization, Yield Giving, is providing National Housing Trust, founded in Washington, D.C., in 1986, with a onetime donation of $10 million—the largest NHT has ever received—to further its work. That includes creating and preserving affordable housing, supporting affordable rent payments for tenants, and making the homes more...
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