April 16, 2021
By: Team, Tech CU Team, Technology Credit Union
For the past two years, Tech CU has been partnering with Destination: Home on its Homelessness Prevention Task Force, which aims to help people at risk of losing their housing or their home.
Despite the immense wealth in Silicon Valley, more than 800,000 Bay Area residents are living at or below the poverty line. This means that many in our community are just one unexpected bill away from homelessness.
Destination: Home’s Homelessness Prevention System program provides temporary financial assistance (e.g., rent, deposit, or utilities payment) to low-income families or individuals who are struggling to maintain their housing.
Like most nonprofits, COVID-19 has caused a surge in demand for its services. Tech CU knew that Destination: Home’s mission of keeping people housed in the midst of a pandemic was more important than ever. So, in addition to its regular donation, Tech CU applied for and received a matching grant from the Federal Home Loan bank for the organization. The extra funds went towards emergency funding for families impacted by COVID-19.
"The COVID-19 crisis has had particularly severe impacts on our lowest-income residents, who were barely just scraping by before the pandemic hit," said Jennifer Loving, CEO of Destination: Home. "Thanks to the support of dozens of businesses and organizations, like Tech CU, we've been able to provide desperately-needed financial assistance to thousands of our struggling neighbors during a time of extraordinary need."
We look forward to supporting their mission for many years to come. During the past three years, Destination: Home’s Homelessness Prevention System has helped prevent more than 2,437 households and 7,399 individuals at imminent risk of homelessness. To donate or learn more about the program, please visit: https://destinationhomesv.org/homelessness-prevention/Opens a new window.
Posted April 16, 2021 by Team