AFFORDABLE HOUSING
Everyone deserves a safe and affordable place to live. Since the pandemic, costs for both rental and owner-occupied housing have risen substantially, putting additional pressure on our community, especially low-income families.
Our funding supports the development and retention of affordable rental housing in the Rapid City area, often with additional family support so families remain stable, reliable tenants.
Grantmaking Strategy
Increase the number of affordable housing rental units in Rapid City
Be opportunistic in funding projects as they emerge to develop, retain, or rehab affordable housing projects for those earning 60-80% of Area Median Income
Establish affordable housing voucher system for families
Support access to affordable housing for families already enrolled in existing JTVF wrap-around grant programs making 60% of the Area Median Income or less
Our Stories
5 Things to Know about JTVF Joining the NYU Furman Center’s Housing Solutions Lab
The NYU Furman Center’s Housing Solutions Lab has selected Rapid City as one of five city teams nationwide to participate in the 2023 Peer Cities Network – a national program for small and mid-size city leaders to develop innovative and equitable local housing...
What Is the Rapid City Strategic Housing Trust Fund Anyway?
One of our largest Foundation investments in recent years is a $5 million grant to the Black Hills Area Community Foundation for the Strategic Housing Trust Fund. But what does that actually mean for Rapid City affordable housing? Let us explain. The Rapid City...
Fast Facts on Rapid City Housing
Access to stable, safe, and affordable housing is a foundational need for families and individuals working towards economic stability. Since the pandemic, costs for both rental and owner-occupied housing have risen substantially, putting additional pressure on our...
Current Grantees
Value of affordable housing grants as of February 2024
CommonBond Communities
$2,800,000
Behavior Management Systems
For continuation of the New Start Housing Collaborative Program to provide housing vouchers
$575,000
Black Hills Area Community Foundation
$5,000,000
Collaborations
Rapid City Strategic Housing Trust Fund
The Rapid City Strategic Housing Trust Fund (the “Strategic Housing Trust Fund”) was created in 2020 to address the affordable housing shortfall in Rapid City. Housed at the Black Hills Area Community Foundation, the Strategic Housing Trust Fund takes a long-term approach to the affordable housing issues faced by our community through revolving funds for housing development.
Our role: Founding member, funder. Alan from the JTVF team sits on the Advisory group for this work.
Black Hills Regional Homeless Coalition
The coalition is a collaboration of 40+ organizations that advance best practices in homeless services, engage in joint problem-solving, and create shared solutions to both individual and community issues affecting those experiencing homelessness.
Our role: Funder, Participant
Community Investment Committee
This committee reviews requests for City funding for social services programs and the Community Development Block Grant, and makes recommendations to the Common Council regarding the selection of sub-grantees.
Our role: Alan from the JTVF team participates in this committee through mayoral appointment for the current term expiring in October 2023.
Learn more about the grant application process.