REACH village thrown a lifeline: Money problems for agency not solved, however
Mountain Projects might take control of the REACH village in Sylva, ensuring the low-income housing would remain available to area residents in need, especially victims of domestic violence.
This does not mean, however, that REACH of Jackson County, an anti-domestic violence agency, will have shed its well-publicized financial woes. The nine-unit village, built in 2001 for $1.1 million through federal and state loans, precipitated a money crisis for REACH because the nonprofit couldn’t meet loan payments.
Even if Mountain Projects saves the village from foreclosure, REACH must come up with between $100,000 and $150,000 to keep operating for several more months until state grants come through (the financial heartbeat of many do-good agencies such as REACH).
North Carolina has taken to doling out grants about four months into each fiscal year, and as a result, agencies that desire solvency have learned to sock-away money. REACH has none in the piggybank. The agency has missed payroll a couple times, and had the water cut off to the village for nonpayment of bills, among other problems.
The Jackson County Board of Commissioners this week agreed to send a letter on Mountain Project’s behalf asking for a community service block grant for $600,000.
Mountain Projects is a nonprofit that administers programs to benefit the needy and elderly in Haywood and Jackson counties. Patsy Dowling, executive director, said the federal loan agency and REACH asked Mountain Projects to take over the village. Initially, Mountain Projects balked at assuming a loan of $840,074, but with a plan in the works to seek grant money, the agency said OK. The remaining balance of the loan will be paid by the N.C. Housing Finance Agency.
“We are very happy that the county commissioners agreed to partner with Mountain Projects to apply for funds to allow Mountain Projects to take over the village,” said Kim Roberts-Fer, executive director of REACH. “Our financial situation does not allow us to continue to maintain the village for the several months it will take for this process to be completed. We will be contacting (the note holders) to discuss possible ways to allow Mountain Projects to take over the project sooner. If no options are available within a few months, REACH will be unable to continue paying to maintain the property.”