Organization: DRAGONFLY DREAMS HOUSING INC
Mission: THE MISSION OF DRAGONFLY DREAMS HOUSING, INC., IS TO ASSIST LOW INCOME FAMILIES, INCLUDING THOSE WHO ARE ELDERLY OR DISABLED, WITH SAFE, ADEQUATE AND AFFORDABLE HOUSING OPPORTUNITIES AS THOSE FAMILIES STRIVE TO ACHIEVE SELF-SUFFICIENCY AND IMPROVE THE QUALITY OF THEIR LIVES.
Activities: AN AVERAGE OF 93.5 LOW-INCOME FAMILIES WERE HOUSED EACH MONTH. TENANTS SIGNED A ONE YEAR LEASE AND PAY 30% OF THEIR INCOME TOWARD RENT WITH THE REST BEING PAID BY A HOUSING ASSISTANCE PAYMENT CONTRACT WITH FAIRFIELD METROPOLITAN HOUSING AUTHORITY. THE 97.4% OCCUPANCY FOR THE 96 UNITS IS SLIGHTLY BELOW THE GOAL OF 98% BUT ABOVE THE STANDARD EXPECTATION OF 95%. THE GOAL OF FUNDING THE CAPITAL REPLACEMENT RESERVE ON A MONTHLY BASIS HAS ALSO BEEN MET FOR THE TIME PERIOD. THE RESERVE IS BASED ON A 20 YEAR PHYSICAL NEEDS STUDY.
NTEE category: Housing & Shelter
Secondary category: Community Improvement & Capacity Building