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$20 Million Affordable Housing Donation

Posted by: Chris Steins
Thanks to: Laura Kranz
15 December 2002 - 7:00am

Arizonia Philanthropist Jerry Bisgrove is proposing one of the states largest donations to fund affordable housing for the working poor.

"Bisgrove envisions the grant as seed money that will multiply many times with the creation of public and private partnerships... Almost 230,000 working families statewide can't afford decent housing as increases in home prices and apartment rents continue to outpace income gains, according to the Arizona Family Housing Fund, formed with the donation."

Full Story: $20 million donation funds grant for housing
Source: The Arizona Republic, December 15, 2002
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"This ends up being, to be sure, a second best alternative, but it's better than the third best alternative, which is to do nothing." -- Jerold Kayden
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