University Settlement – project home
pilot expansion

BlackRock is supporting University Settlement’s innovative nonprofit-public partnership with the New York City Housing Authority (NYCHA) to bring about systemic change and reduce the rate of eviction and homelessness against the backdrop of a devastating
lack of affordable housing.

University Settlement

Low income families in New York City are living in one of the worst affordable housing crises in generations, with more than 15,000 families including over 23,000 children spending each night in the municipal shelter system. Since 1986, University Settlement has run a holistic housing services program, Project Home, as a cornerstone of their poverty alleviation efforts.

Project Home has joined with NYCHA in a first-of-its-kind partnership to pilot a case management model dedicated to tenant eviction prevention, homeless avoidance, and social services connection. Their shared goal is to change the way NYCHA handles tenants who are behind on rent – seeking resolutions to prevent homelessness. Project Home has a team of case managers who offer immediate assistance and long-term support to those who are at risk of losing their housing, facing serious financial issues, or struggling with problems within the home.

BlackRock has joined with University Settlement in support of their goal to expand the Project Home/NYCHA pilot to additional sites in Brooklyn and the Bronx with the goal of demonstrating the capacity for system-wide implementation.

According to Eric Weingartner, CEO, University Settlement, “The partnership among BlackRock, University Settlement, and NYCHA is an excellent example of how private, nonprofit, and public coalitions can work together effectively to solve one of the most intractable challenges in our city today. It is well established that stable, safe housing is the foundation for the well-being and health of children and adults. Our ultimate goal is to make sure that every New Yorker who needs this kind of case management support will have these resources available to them so that they can stay in their homes.”

Nothing is more important than a stable, safe home. But with stagnant wages, rising real estate costs, and a serious affordable housing crisis, the danger of losing housing is an ever-present worry for too many New Yorkers. BlackRock supports the University Settlement’s Project Home program as it tackles the threat of homelessness head on. Now, more than ever, New York families need a trusted partner like Project Home as they seek a stable home and a brighter future.

— Deborah Winshel, Global Head of Corporate Philanthropy