COMMUNITY AND SHELTER ASSISTANCE CORP

Real estate development - casa was originally established to address the housing needs of farmworkers throughout oregon. Working primarily with local community organizations, the real estate development (red) department seeks to improve the lives of farmworkers and other low income households in rural oregon. Development activities include new construction, rehabilitation, and preservation of subsidized properties. Casa provides a full scope of development services, including identifying areas of need; identifying appropriate properties; assembling the development team (architect, contractor, surveyors, etc.); preparing budgets and funding applications; construction management; financing; and assisting with marketing and leasing. Since 1989, casa has developed over 60 projects with over 2,800 units and ten community facilities, including health care clinics, head start facilities, and community centers.casa sponsors a biennial farmworker housing conference to address the unique challenges facing agriculture workers.

Casa community loan fund - as a community development financial institution (cdfi), casa community loan fund (cclf) provides affordable financing to nonprofits, housing authorities, community organizations, and manufactured housing cooperatives. Casa received its cdfi certification and an initial investment of grant and loan funds from the u.s. Treasury in 2000. Since then, cclf has grown to nearly $20 million and offers four loan products. Cclf products include low-interest predevelopment and construction loans for affordable housing and community facility development. Casa also provides bridge financing for manufactured home park acquisition and permanent, secondary financing for these cooperatively owned communities. The loan fund is made up of 63 percent debt (equity equivalent and program related investments) and 37 percent equity (foundation and government grants and casa's net assets).

Miscellaneous programs - miscellaneous programs is a cost center for recording expenditures for projects and programs for which casa does not have signed contracts or other miscellaneous revenue sources. Expenditures included in this cost center are potential new home development, community facilities, manufactured home communities, and other affordable housing projects. It is also utilized for costs related to the exploration of programs and services that are complementary to casa's mission.