Major Strategies 2007 - 2014
Fairfield 08 faces two very significant challenges to achieving these aggressive goals: the capacity and management challenge of handling larger project volumes, and the financial challenge of filling the large funding gaps that characterize typical Permanent Supportive Housing developments. To meet these challenges, Fairfield 08 is looking to shift the way it does development. Specifically, Fairfield 08 is undertaking five strategic initiatives:
- Utilize co-development agreements with private developers to increase project management capacity.
- Build capacity to identify and structure projects, manage co-development partnerships, and directly develop small to midsize projects with member nonprofits.
- Expand Fairfield 08’s advocacy role to help and encourage other developers to set aside Permanent Supportive Housing units.
- Explore creative financing partnerships.