Non-Profit Housing
Non-profit housing refers to residential properties developed and managed by organizations that do not aim to make a profit. These organizations often focus on providing affordable housing options for low-income individuals and families. Funding for non-profit housing typically comes from government grants, donations, and sometimes low-interest loans, allowing them to offer lower rents compared to for-profit housing.
These housing initiatives can include various types of accommodations, such as apartments, single-family homes, and supportive housing for those with special needs. Non-profit housing plays a crucial role in addressing homelessness and housing insecurity, contributing to community stability and well-being.