Community And Shelter Assist Corp

Manufactured housing cooperative development - the preservation of manufactured home parks (communities) through the creation of resident-owned communities is at the heart of the manufactured housing cooperative development center (mhcdc). Using a multi-faceted approach, casa's program focuses on anti-displacement and affordable housing preservation policy issues, as well as on-the-ground technical assistance in order to make resident ownership a viable option.in may 2008, casa became one of nine certified technical assistance providers (ctaps) under the national roc usa network. As a member of the roc usa network, casa delivers pre- and post-purchase technical assistance and helps manufactured homeowners secure the financing needed to buy their communities and shape their economic futures through resident ownership.since 2008, casa has converted 28 communities (totaling 1,941 spaces) into resident-owned communities and provides ongoing, post-purchase technical assistance and training to the cooperative board and members. Casa also acquired a community destroyed by wildfire which is being redeveloped for conversion to resident ownership. Two more communities remain in our pipeline for conversion by the end of 2025. The aggregate "as-improved" market value of converted communities is estimated at $115 million. Aggregate grant funds leveraged for acquisition is estimated at $52 million. Casa continues to expand its mhcdc program with the goal of converting at least two manufactured housing communities annually.

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.