SocialFunds.com

Community Investment Center
Back to Community Investment Center
Powered by: SRI World Group web development services Calvert Foundation
Manna Inc.

Program

Manna Inc. has work focusing in three main areas: renovating or building affordable homes, educating first-time homebuyers for the process of home purchase and for success as homeowners, and training first-time homeowners and their neighbors to become community leaders. Manna has also created a consulting practice to provide technical assistance to other nonprofits that do not have the same expertise that Manna has. Services include:

Homeownership: Manna develops and sells 35 - 55 units of affordable housing annually.
Homebuyer Education: Through its "Homebuyers Club", which has been replicated across the country more than 200 times, Manna provides homebuyer education and financial literacy training to 150 - 200 lower-income families, of whom 15 to 20 purchase homes each year. In addition, its Individual Development Account program, which provides $3 for every $1 of savings, serves 45 families every year as they save toward a down payment.
Individual Development Account (IDA) Program: low income families are required to save an agreed amount per month towards the purchase of their home and the savings are matched at a predetermined ratio after a given period of time. To participate in the IDA Program, individuals must meet a set of requirements and complete Manna's Financial Literacy Training Program.
Manna Mortgage Corp: In 2003, Manna incorporated Washington's only nonprofit licensed mortgage company to offer home purchase and refinance loans targeted to traditionally underserved markets and individuals with non-traditional credit profiles.

Back to Community Investment Center

Mutual Funds | Community Investing | News | Sustainability Reports | Corporate Research | Shareowner Actions | Financial Services | Conferences
Home | Login | Contact | Support This Site | Terms of Use | Privacy Statement | Reprints


© 1998-2017 SRI World Group, Inc. All Rights Reserved.

Created and maintained by
SRI World Group web development services
Do your own research Work with an advisor SRI News SRI Learning Center Home