Permanent Housing Development
PATH Ventures is the arm of PATH that builds homes for clients. PATH Ventures is helping end homelessness by building affordable rental homes that provide homeless and low-income individuals and families with the support they need to succeed. We are working to have 1,000 apartments built, under construction, and/or funded by the end of 2015.
As part of our multi-faceted approach to housing, we:
PATH Ventures develops affordable housing for low-income households and permanent supportive housing for people who are homeless and/or have special needs. Our expertise touches all stages of development, including management of new acquisitions, predevelopment, design, pre-construction, construction, project close out, financing, and lease-up. We have a wealth of experience with tax credit applications and securing funds from a number of private and public sources.
Help people find permanent homes.
We develop partnerships with local property owners to make more apartments available to people experiencing homelessness. Tenants moving into homes as part of this program are connected with rental subsidies through local housing authorities.
Support people after they are housed.
We provide residents with a robust range of services that are designed to address each person’s specific needs. Services include case management, employment and benefits assistance, life skills workshops, financial management training, mental health counseling, substance abuse treatment, legal aid, recreational programming, linkages to health care, and more. As a result of this comprehensive support, many of our residents go back to school, learn new job skills, find employment, increase their income and savings, pay taxes, and give back to their communities.
Our housing developments support the revitalization of the communities in which they are located, many of which are in desperate need of high-quality affordable housing. In addition to creating new homes, our projects draw new investments, create local jobs, and pave the way for new retail, commercial, and residential projects.
Advocate for more affordable housing resources.
PATH Ventures advocates on behalf of public policy initiatives that will help increase the affordable housing stock and end homelessness in California. We work closely with other housing developers to protect public subsidies and policies that are essential to successful permanent supportive housing programs.
Help the most vulnerable populations.
We design our developments to address the specific needs of high-risk populations, like seniors, veterans, people living with mental health issues, people living with physical disabilities, chronically homeless individuals, families, and transition-age youth.
Why Housing is Important
More than 80,000 people are homeless in Southern California's five counties on any given night, and rental costs in California are the second highest in the United States. In order to afford the state's Fair Market Rent for a one-bedroom apartment, a single adult earning minimum wage would need to work 94 hours per week, 52 weeks per year.
The Way to End Homelessness: Permanent Supportive Housing
To help people move—and stay—off the streets, PATH Ventures develops high-quality, permanent supportive housing facilities tailored to the needs of people experiencing or at risk of homelessness. Permanent supportive housing provides people in need with a safe, permanent place to live while connecting them with on-site case management and supportive services. This model helps our residents stabilize their lives and focus on addressing the issues that led to their homelessness in the first place.
Building Community Through Integrated Housing
To further support our residents, most of our developments include both supportive and affordable housing units. While all our residents are in the low-income bracket, only a portion of our tenants have special needs for which we provide case managers on-site. By building a community with residents of mixed abilities, it helps our residents who need more mental or emotional support interact with other more independent tenants. This creates a compassionate atmosphere throughout the building, while helping our special needs residents learn the social skills necessary to be more integrative with mainstream society.