Jamboree Housing Corporation announced that it has received a $50,000 grant from U.S. Bank Foundation. A leading affordable housing developer, Jamboree is one of 20 nonprofit organizations across the country – and one of six nonprofits in California – to receive this award as part of the $1 million Market Impact Grant program to invest in green energy initiatives in low- to moderate-income communities with an emphasis on supporting people of color and/or women.
Funding will help low- and moderate-income people who are struggling due to a lack of affordable housing while addressing broader needs related to community revitalization, enabling them to access the resources they need to lay a foundation for a stable financial life, and in turn, drive growth in the Orange County community. For Jamboree, The Green Energy Campaign will help fund new energy-efficient lighting and appliances as well as environmental education programs about energy efficiency, non-gas cooking, electric vehicles, and organic recycling opportunities for more than 3,300 families at Jamboree properties throughout Orange County.
A long-term partner since 1999, U.S. Bank has helped finance 28 Jamboree communities throughout California – many of which have received Leadership in Energy and Environmental and Design (LEED) for Homes Platinum, Gold, or Silver Ratings. “We value our 23-year partnership with U.S. Bank and the funding support that has allowed Jamboree to provide affordable housing and services that transform lives and strengthen communities,” said Laura Archuleta, Jamboree president. U.S. Bank also gives back with staff who volunteer on Jamboree’s advisory board – a collaborative that actively supports and promotes Jamboree and advocates for its mission – where members play key roles in several committees and attend community events.
“Our shared commitment to follow best practices in building green lowers energy consumption and provides a cost-saving benefit to and promotes the health of Jamboree residents,” continued Archuleta, underscoring that the expansion of the nonprofit’s educational efforts on sustainability with residents will encourage them to look for other ways to conserve water and electricity and participate in organic recycling programs. “We are grateful for the broad range of support that U.S. Bank provides to Jamboree over these many years.”
U.S. Bank is committed to moving beyond philanthropy to engage the human and financial resources of the bank in their work to help close the racial wealth gap. Their philanthropic and community investments are focused specifically on breaking down systemic barriers to racial and economic equity for women, people of color and low- and moderate-income communities, within their enterprise-wide giving platform, Community Possible.
“We are excited about these projects, which include solar energy, eco-friendly housing, and renewable energy workforce opportunities, and the impact they will have on our California communities,” said Rockette Ewell, vice president and community affairs manager in the Inland Empire, Orange County, and San Diego.
ABOUT JAMBOREE: Founded in 1990, Irvine, CA-headquartered Jamboree Housing Corporation is an award-winning, broad-based nonprofit housing development company that develops, acquires, renovates, and manages permanently affordable rental and ownership housing throughout California for working families, seniors, and people with special needs. A leading community development organization, Jamboree is committed to sustaining excellence with high quality affordable housing that benefits the environment, the economy and local communities.
It currently has $1.1 billion in affordable housing projects in its development pipeline and a portfolio value of $3.2 billion that includes the development of and/or ownership interest in 10,000+ homes in more than 100 California communities. Currently, Jamboree offers resident services that foster learning, health and wellness, and community building at 34 Jamboree communities with designated staff at each location. For more information, visit jamboreehousing.com and follow Jamboree on LinkedIn, Facebook, and Instagram at @JamboreeHousing.
ABOUT U.S. BANK: U.S. Bancorp, with approximately 70,000 employees and $587 billion in assets as of March 31, 2022, is the parent company of U.S. Bank National Association. The Minneapolis-based company serves millions of customers locally, nationally, and globally through a diversified mix of businesses: Consumer and Business Banking; Payment Services; Corporate & Commercial Banking, and Wealth Management and Investment Services. The company has been recognized for its approach to digital innovation, social responsibility, and customer service, including being named one of the 2022 World’s Most Ethical Companies and Fortune’s most admired superregional bank. Learn more at usbank.com/about.