Impact and Programs
Accomplishments
In 2020, PRG provided free, one-on-one, foreclosure prevention assistance to 50 families. Of the cases resolved in 2020, 58% avoided foreclosure. Of foreclosure advising clients, 82% had incomes under 80% AMI, 68% had incomes under 50% AMI, and 36% were households of color. We advised 21 families considering their refinancing options. We held 18 first-time homebuyer education workshops primarily via Zoom, providing education to 376 households. Of the 2020 workshop attendees, 74% had incomes under 80% AMI, 39% had incomes under 50% AMI, and 76% were households of color. We provided free, one-on-one, pre-purchase homebuyer advising to 646 households of which 268 were new clients. Of 2020 participants, 80% had incomes under 80% AMI, 49% had incomes under 50% AMI, and 75% were households of color. We completed and sold one lender-owned single family home for renovation and re-sale. We acquired 4 city-owned vacant lots for new construction. 100% of single-family construction contracts awarded in 2020 went to minority-owned businesses. We sold 9 homes, all purchased by households of color bringing the 10-year total to 114. Of 2020 sales, 3 families were African American, 1 Asian American, 4 African Immigrants and 1 Latino immigrant. Average Household AMI for purchasers was 57% and average family size was 3.6 people.
Current Goals
Goal 1. Assist existing homeowners with sustaining and succeeding in homeownership.
Goal 2. Promote homeownership, particularly among households of color.
Goal 3: Ensure that the people we hope to serve are aware of our services.
Goal 4. Ensure program quality, relevance, compliance, and efficiency.
Goal 5. Undertake homeownership development activities, primarily in focus areas, that increase neighborhood stability and reduce the racial homeownership gap.
Goal 6. Explore multi-family development options.
Goal 7. Capture institutional knowledge on development activities.
Goal 8. Perform effective MURL program management.
Goal 9. Track outcomes and impacts for use in communications, fundraising, and reporting.
Goal 10. Increase PRG's visibility and strengthen our community of supporters.
Goal 11. Maintain relationships with donors and increase donations from foundations and individuals.
Goal 12. Ensure the sustainability of PRG.
Goal 13. Ensure infrastructure, systems, and other office resources necessary for efficient work.
Goal 14. Ensure that PRG continually does the work to become a more diverse, inclusive and equity-focused organization.
Goal 15. Advocate for policies that enable PRG to maximize the scale and impact of our work.
Community or Constituency Served
We primarily target BIPOC and immigrant low-income adults who are seeking to buy a home or prevent foreclosure on their home.
Geographic Area Served
We serve clients who live or are seeking to buy a home in the state of Minnesota.
