Thousand Oaks-based Many Mansions has been declared a Neighborhood Champion by Bank of America, an honor that brings with it a $50,000 prize.
The Neighborhood Champions program is an extension of the bank’s philanthropic initiative, Neighborhood Builders, a corporate investment program in nonprofit leadership.
Many Mansions was selected for its work providing affordable housing and on-site supportive services to help low-income families achieve financial stability. As part of the program, it will receive a $50,000 grant support and virtual leadership training by nonprofit sector experts on topics such as human capital management, financial sustainability and storytelling.
Ventura County’s homeless population rose for the third year in a row in 2020, a 4.4% increase from 2019. In response to the growing need for affordable housing in the region, Many Mansions plans to add 600 units to its building pipeline, expand into new communities and build new residences for veterans, seniors and the chronically homeless with children.
Article originally appeared in the Thousand Oaks Acorn.