Westside Future Fund Receives HUD Approval

This month Westside Future Fund (WFF) became HUD-approved. As a nonprofit agency approved by HUD, WFF can continue its mission of building a mixed-income community, which ensures the inclusion of low-to-moderate-income families with key financing for home purchases. With this designation, WFF can now:

  • Purchase HUD-owned properties
  • Access FHA Mortgage financing
  • Direct fund down payment assistance on FHA-insured mortgages

“Having this approval from HUD is a key tool to help us continue to provide deeply affordable quality housing to legacy and future residents on the Historic Westside,” said Rachel Carey, WFF’s Chief Real Estate Officer.

Established in 1965 as part of President Lyndon B. Johnson’s administration, the Department of Housing and Urban Development was created to focus on urban housing issues. Today HUD’s mission is “to create strong, sustainable, inclusive communities and quality affordable homes for all.”

WFF aligns with this mission through its signature program Home on the Westside (HOTW), which helps create a community Dr. King would be proud to call home. HOTW’s community retention guidelines prioritize people with key “live, work, learn” connections to the Historic Westside to live in WFF-owned properties. HOTW services include:

“Our goal is to always meet people where they are in their journey,” said Tameka Askew, manager for HOTW. “Having this approval from HUD for the historic Westside is a game changer for the residents we work with who have a dream of achieving home ownership.”

Learn more about our Home on the Westside program here.

Find out how you can support the mission of Westside Future Fund.