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Causes: Homeless & Housing, Housing Development, Construction & Management, Housing Rehabilitation, Low-Income & Subsidized Rental Housing, Philanthropy, Public Foundations
Mission: DLH was founded in 1999 for the sole purpose of participating in the support, maintenance and preservation of low-income housing projects. To accomplish this objective, DLH participates as a limited partner in some projects and as a general partner in others. Through its participation as a limited partner in these projects, DLH will accumulate significant funds from the distributed cash flow (RTO) of the project, which will then be reinvested into other low-income housing properties. Through its participation as a general partner, DLH will monitor the financial and physical status of the project in an effort to provide long-term stability and viability of the project. DLH does not plan to manage these projects and intends to subcontract the daily operations to a qualified professional management company. These activities should produce a modest cash flow to the charity, which will also be reinvested into other low-income housing properties.