What HIC Does and Doesn't Do
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No. HIC develops housing. Operating partners, such as cities, counties, and nonprofit service providers, run emergency and interim housing and deliver services to residents.
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HIC transfers it to a qualified operating partner, who is responsible for operations and services going forward.
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HIC doesn't provide direct services or placements. Visit Get Help to reach a service provider.
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Area median income (AMI) is the midpoint household income for a region, adjusted for household size and published each year by HUD. A household at 30 to 50 percent of AMI earns roughly a third to half of that midpoint.
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Because it's the first rung of the housing ladder, the one conventional development skips. Residents are working people in the jobs every community depends on who still can't afford to live near them. HIC builds the rung so they have somewhere to stand.
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Because it doesn't pencil. Conventional projects rely on debt, and rents at this income level can't repay it. HIC builds with philanthropic capital, so rents only need to cover operating the building.
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Housing units are built in a factory while site work happens in parallel on location. Conventional construction happens entirely on-site, in sequence, and takes longer.
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Emergency and interim housing: roughly eight to twelve months from groundbreaking to occupancy. First Rung Housing:
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Three to five years of service funding committed and appropriated, verified by a board-adopted budget or executed contract. A letter of intent doesn't qualify.
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Because a finished shelter without funded services isn't housing. HIC's standard is designed to prevent that outcome.
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Yes. See [Our Approach] or [Contact] to start a conversation.