FAHE is a network delivering housing in the Appalachian region. Our service area is characterized by substandard housing, economic hardship, and inadequate infrastructure. Many of our communities have the drive, but lack the delivery capacity to supply housing, employment, and educational opportunities on their own. In a very real way, we are not penetrating markets, we are building markets where there are none. In our region there are more than 100,000 substandard homes, which are overcrowded and lack essentials like electricity and plumbing. When you live where this is commonplace, it becomes apparent that poverty is not a lack of wealth, but a lack of hope that things will ever change.

FAHE confronts these limitations by pioneering strategies that foster prosperity on three levels, for the family, the community and the region. Affordable housing and community development are tactics of choice for driving deeper, cultural change in the region.

Last year we deployed around $40 million, reaching 4,000 families. This volume of direct financing is quadruple that of just five years ago. Additional accomplishments of the past year include: 

• JustChoice Lending: Our mortgage and homeownership division made more than $18 million in mortgage loans to 225 families in the region, an increase of 40%. 

• Resources for nonprofits: $5.6 million in pass-thru funds and set-asides.

• Total Capital Under Management: $71.7 million

• Membership: Grew to 47 Members across the region.

• Impact: Last year the FAHE network provided housing solutions to 4,000 families.