$3.1M in expenses

Real estate development: the purpose of MVI's real estate development program is to help rebuild the fabric of MVI's member communities, thereby stabilizing both the built environment and property values, maintaining the tax base, and promoting a culture of public safety and community confidence. MVI provides direct real estate development services through existing programs including "rehab for resale" (acquisition, renovation and resale of existing blighted and vacant properties), new construction housing in targeted areas, owner- occupied rehabs, residential rental development, the development of strategic commercial spaces in targeted business districts, and various complementary initiatives in community planning, zoning and marketing outreach. MVI and its locally-based partners have now completed construction, redevelopment or facilitated the transfer of 675 units of housing, with 8 units under construction and 12 units in predevelopment.

$131K in expenses

Housing counseling: the mon valley initiative national intermediary is a HUD-approved national housing counseling intermediary that provides administrative services, housing counseling funding, and performance monitoring services to a national network of sub-grantee agencies. The agencies in turn provide eligible housing counseling services to participants in their local areas. During the 2024 HUD fiscal year, the agencies provided housing counseling to 7,122 households. MVI's housing counseling program is a sub-grantee agency of the mon valley initiative national intermediary. The purpose of MVI's pre-purchase housing counseling program is to educate and assist individuals and families, with low and moderate incomes, in the process of obtaining an affordable mortgage to facilitate the purchase of a home. MVI provides credit and budget analyses, and HUD- and phfa-approved housing counseling action plans to bring participants to mortgage-readiness. MVI also coordinates services with several other housing counseling agencies in our area. During 2024, MVI's housing counseling program provided assistance to 111 participants through pre-purchase housing counseling. Of those receiving pre-purchase counseling, 37 went on to become homeowners.

$404K in expenses

Community development: the community development and outreach efforts undertaken through this program support and engage volunteers, partner organizations, community residents and stakeholders to build connections and gather vital guidance and feedback, ensuring the MVI remains deeply engaged at the local level. The program staff provide guidance to partner organizations, coordinate special events, and provide support to the other MVI program areas. MVI's work was supported by a volunteer base of approximately 135 individuals in 2024.

$808K in expenses

Workforce development and financial coaching: the purpose of MVI's workforce development and financial coaching program is to increase the income levels and financial self-sufficiency of local residents through effective career development services and financial coaching, assisting the unemployed and under-employed to advance. In addition to the assistance provided to participants, the team works with local employers to understand their human resource needs. MVI provides direct services to participants through basic career counseling, financial coaching, classroom work, seminars, and pre- and post-employment case management. MVI also works with mon valley employers to identify skill requirements and employment opportunities, and to make connections on behalf of MVI's participants. In addition to direct recruitment and job fairs, employers volunteer presenting in career exploration workshops and doing practice interviews with participants. In 2024, MVI served 328 participants. "served" is defined as meeting a program milestone: enrolled, completed the program, obtained employment, or maintained employment for at least six months. During the year, 224 participants enrolled in MVI's career development planning process, 44% of which gained employment. During the year, 55 unique employers hired MVI participants. Of those served, 95% continued with MVI's one-on-one financial coaching program.