Cape Cod’s housing crisis didn’t happen overnight. And it won’t be solved overnight.
That was the rationale behind the creation of our Housing Legacy Fund in 2018. Managed by the Cape Cod Foundation, the principal is invested to generate income that can be used to address the region’s long-term housing needs while giving Housing Assistance the resources to be nimble and act swiftly when sudden emergencies arise on Cape Cod and the Islands.
That concept was put into action last year shortly after the pandemic hit. Housing Assistance was able to tap into the legacy fund to seed a small donation to the Workforce Housing Relief Fund which has since attracted more than $1 million in additional donations.
Due to the support the Workforce Housing Relief Fund has generated, Housing Assistance was able to replenish the money it had taken out of the legacy fund so it can continue to grow and serve as a flexible resource to meet future housing challenges.
In just three years, over $380,000 has been raised from a variety of sources, including Cape Cod Five Foundation, Donald C. McGraw Foundation, Green Family Foundation, Michael Princi of Princi Mills Law PC, and Peter Princi of The Princi Group at Morgan Stanley.
They are part of the newly formed Housing Legacy Society, a group of individuals, businesses, and foundations who are committed to strengthening the economic viability of our region by investing in the Housing Legacy Fund.
Another 12 donors have pledged a total of $180,000 as we work to raise $1 million to the Housing Legacy Fund by our 50th anniversary in 2024.
People can make donations to the fund immediately or choose to name Housing Assistance as a beneficiary in their will, leaving behind a legacy that will ensure future Cape Codders will have the safe, stable housing they need to remain a part of this special place we are fortunate to call home.
“It’s all about supporting the sustainability of not only our agency, but housing on Cape Cod and the Islands and the needs of future generations,” said Chief Development Officer Anne Van Vleck.
Housing Legacy Lunch & Learn
On Friday, May 21, Housing Assistance will hold a Lunch & Learn for donors who want more information on how they can support the Housing Legacy Fund.
The virtual meeting will include a presentation by La Tanzi Spaulding & Landreth Attorney Christopher Ward who will give an overview of estate planning and charitable planned giving.
To RSVP, contact Catherine Baker at cbaker@haconcapecod.org.
