What is Steadfast Housing Development?
Steadfast Housing Development Corporation, established in 1989, is a non-profit entity dedicated to offering housing and employment pathways for individuals with serious and persistent mental illness, supporting their recovery and life goals. The organization operates through a governance structure led by a seven-member Board of Directors and an Executive Director, overseeing key divisions including Housing Services, Fiscal and Accounting Services, and Mental Health Services. Their integrated approach combines expertise in housing development with comprehensive mental health support.
How much funding has Steadfast Housing Development raised?
Steadfast Housing Development has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
What's next for Steadfast Housing Development?
The substantial capital infusion, particularly the recent major strategic investment, positions Steadfast Housing Development for significant expansion and enhanced service delivery. As a large-scale, late-stage entity, this backing is likely to fuel the scaling of their community housing programs, potentially increasing capacity and reach to serve a greater number of individuals. Future initiatives may focus on further developing their integrated mental health and housing support models, solidifying their impact in the recovery sector.
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