Central Fresno Neighborhood Trust
Preserving affordable rental housing in Central Fresno while preventing displacement and improving living standards.
What Is CFNT?
Renovation without displacement
Targeting 2 to 8 units properties
Shifting power dynamics with community governance
Set-up for scale without sacrificing permanent affordability
The MINT Model
A Mixed-Income Neighborhood Trust (MINT) develops, owns, and operates mixed-income rental properties throughout a neighborhood.
The goals of the MINT Model include preserving affordable rents, providing quality housing and building in neighborhood accountability.
Keeping housing affordable into perpetuity
Ensuring community accountability
Meeting need for affordable housing rapidly
Offering an alternative to negligent landlords
Locations
CFNT will grow to 50 units in the first phase. 3 buildings have already been purchased and there is more to come.
Before and After
Affordable Housing Needs
Rising Rents
Cities with the Greatest Change in One-Bedroom Rent (January 2021 to January 2022)
Fresno, Calif.: +28%
Scottsdale, Ariz.: +28%
Orlando, Fla.: +28%
Knoxville, Tenn.: +27%
Boston, Mass.: +27%
Crisis in Fresno
Making affordable housing a city priority
-In 2019, a report by the California Housing Partnership indicated demand for 18,000 more affordable housing units in the City of Fresno
-The DRIVE Community Investment Plan calls for 12,000 high-quality, affordable housing units and vouchers by 2030 across Fresno County