What is the purpose of this fund?
To provide funds for CSDC to develop housing that is truly affordable to low-income families. By donating to this fund, you are investing in the development of low-income housing that will serve the community in perpetuity. CSDC dedicates all of its projects to low income housing forever.

CSDC constantly seeks to develop opportunities to renovate existing blighted properties that are converted to low-income housing or to construct new affordable housing. We typically fund the renovation and construction through low-interest loans and grants. These funds are not available during the early stages of project development when we are performing necessary inspections and conducting feasibility studies to evaluate whether a project can be developed at a cost that makes it affordable for low-income residents while generating the necessary revenue to service the debt on the loans.

Does this fund offset on-going operating costs of projects?
No. CSDC performs feasibility studies on projects to ensure that each property generates sufficient revenue to pay for on-going operating costs, debt services, and, most importantly, to set aside funds in a maintenance reserve for repairing and maintaining units. CSDC prides itself in maintaining safe, healthy, and habitable properties.

What is considered affordable housing?
According to criteria set by United States Department of Housing and Urban Development, a low-income family should not expend more than 40% of their gross monthly income on rent, including utility costs (water, sewer, electricity, gas, and garbage).

What types of affordable housing does CSDC provide?
Recent trends in the community has led CSDC to focus on the development of rental housing. The City of Hollister has not had any new rental units constructed since the mid 1980’s. Since then, the home prices have risen dramatically in the area. These factors combined with low vacancy rates in existing rental units have driven up the rents in the area. Many low-income families must live in substandard or overcrowded conditions when living in the area, or face moving to areas where rents are more affordable.

CSDC has also developed a single family housing subdivision called Riverview Estates. This subdivision consists of 28 contractor built homes for moderate income families and 28 self-help built homes, where the homeowners assist in the construction of their home.

How do I donate to this fund?
Cash donations in any amount can be made by mailing your check to CSDC, 1101 San Felipe Road, Hollister, CA 95023.

You may make your donation on-line using a credit card through our secure, encrypted server.

Who do I contact if I have questions or want more information?
Please contact our executive director.

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