Cambridge Housing Authority Launches an Endowment to Support the Resident Services Work Force Program
The Cambridge Housing Authority (CHA) launched an endowment in 2021 aimed at creating a sustainable funding source for its nationally-recognized youth development program, The Work Force.
The Cambridge Community Foundation will manage the new fund. The CHA is seeking to raise at least $1.5 million from outside sources over the next several years to build on a generous initial gift of $500,000 from a private donor.
The endowment will provide sustainable income to support the CHA’s Work Force Youth Program, an innovative educational enhancement, college prep, and job-readiness program that assists low-income youth in attaining the early assets necessary to build generational wealth and to enter the economic mainstream. The endowment will provide a more stable annual funding source for many decades to come. Preliminary conversations with prospective contributors to the endowment have been positive and CHA is working with CCF to create a robust fundraising strategy to reach our goal of $1.5 million in endowment funds by 2024.