Meeting the Need: Homes Built and Preserved
Since 2022, Front Porch Investments has helped create and preserve affordable homes through the Development & Preservation Fund and awarded development RFPs. This includes both rental and for-sale housing. These homes are already transforming neighborhoods and moving our region closer to meeting the affordable housing target of 104,000 units by 2040, as identified in the Assessment of Housing Affordability, Needs & Priorities report.
What is considered “affordable” housing?
In general, housing is considered affordable when a household spends no more than 30% of their gross income on rent or mortgage payments, including taxes, insurance, and utilities. Spending more than that often forces families to cut back on other essentials like food, transportation, or healthcare.
The two types of housing FPI funds:
Traditional Affordable Housing: Serves households earning up to 80% of the Area Median Income (AMI). Often paired with public subsidies such as Low-Income Housing Tax Credits (LIHTC) to keep rents low.
Workforce Housing: Serves moderate-income households earning between 80% and 120% of AMI. Designed for people like teachers, nurses, first responders, and service workers who don’t qualify for traditional affordable housing but still struggle to find homes they can afford.
[Map and data reflect closed loans as of September 2025]
Map Marker Key:
Orange: Development RFPs
Periwinkle: Under Construction
Navy: Completed Projects
Our Impact: The Details
- New Construction/Reuse: 1,593 homes built from the ground up or via adaptive reuse of an existing building to expand our housing supply.
- Preservation & Rehabilitation: 130 homes preserved or renovated to remain affordable, safe, and livable for decades to come.
- Land Activation: 129 homes are under development bringing to life mission-driven and innovative projects as a result of our Development RFPs.
- Total Investment: $24.8 million directly invested.
- Total Leveraged: $498 million brought in through partner contributions, tax credits, and private financing.
- Equity Outcomes: 52% of projects led by women and/or minority-owned developers.
Together, these projects strengthen neighborhoods, support inclusive economic growth, and ensure that more people — across all income levels — have a place to call home.
Read more about the impact of our Development and Preservation fund and other programs in our 2024 Annual Evaluation Report Highlights and our 2024 Annual Report.
