In January 2017, I joined the board of Sharing Connexion, Inc. (“SCI”), a non-profit organization founded by Ed Anderson, a real estate professional with 30+ years’ experience in acquisition, management, finance, and joint venture. SCI is devoted to sharing its collective real estate expertise with other non-profits and affordable housing organizations to empower their ability and capacity to support their missions. We aid our community partners by maximizing their real estate portfolios through funding assistance for existing facilities ensuring long term sustainability Additionally, we educate on the structure of donated real estate gifts to obtain the most favorable outcomes. SCI is committed to the long-term viability of affordable housing, and has created an impact fund which is used when “at-risk” projects are identified (those where displacement may occur based upon the loss or expiration of an affordable component (e.g. land use or rent restrictions) to provide options to achieve long-term affordability.
In late 2021, SCI launched an exciting new venture, Sharing Connexion Hawaii with the goal to support the creation of affordable housing in a grossly underserved market. Hawaii has the second highest 2-bedroom fair market rent in the country. In Maui County, the estimated average wage for renters is $15.80/hour, but the estimated wage to afford a 2-bedroom at fair market rent is $34.08 (National Low Income Housing Coalition, Out of Reach Report, 2021). SCI Hawaii has created strong community partner relationships, and together, we will begin developing affordable housing for a community in dire need.
Milgrom & Daskam is proud to support SCI, as well as many other non-profit organizations, in their collective missions.
You can learn much more about SCI by visiting our website at https://sharingconnexion.org/