|
|
 |
|
|
 |
PRESIDENT'S MESSAGE |
|
|
Jamboree is weathering the economic storm of a tumultuous year. We look back with pride on our 2008 accomplishments. Thanks to our partners, friends and associates who continue to help us fulfill our mission to provide opportunities through the homes we build and the services we provide for working families, seniors and those with special needs throughout California.
Just a reminder our offices will be closed from December 24 until January 1,
so our staff can enjoy the holidays with friends and family. On behalf of the
staff and board, we wish you a joyous holiday season and a peaceful and
prosperous New Year! 
Laura Archuleta
President |
|
ABOUT COMMUNITY REINVESTMENT... |
|
|
Recent coordinated media and public efforts place blame for the current financial crisis on the Community Reinvestment Act (CRA) of 1977. However, the most damaging sub-prime lending occurred between 2003 and 2007. Only 25 percent of sub-prime loans were covered by the CRA. If appropriate regulation such as the CRA had been applied to independent mortgage companies and other non-bank financial institutions, it is likely today's financial landscape would look much different.
Jamboree supports the National Community Reinvestment Coalition (NCRC), along with a coalition of civil rights, consumer, community development and housing groups in their recent joint statement emphasizing that failed regulatory oversight is the real source of the current crisis.
|
|
WHAT'S NEW... |
|
|
Ceres Court Grand Opening
In September, community leaders, residents, Jamboree staff and partners gathered to celebrate the grand opening of Ceres Court, a new affordable housing community for 20 families in Fontana. Jamboree's Resident Services Manager Cruz Avila highlighted Jamboree's Housing with HEART (Helping Educate, Activate and Respond Together) program, which will provide services such as after-school tutoring and employment counseling to the residents of all three Jamboree properties in the Inland Empire at Ceres Court's Education and Community Center, a 3,250 square-foot facility equipped with new laptop computers donated by Tyson Jacobson of Advent Construction.
Do you have computers to donate? We need new or like-new computers for several of our community computer rooms. If interested, please contact Cruz Avila at cavila@jamboreehousing.com.
Jamboree welcomes Emily Lazalde. She formerly served as Executive Assistant to the Executive Director of the AIDS Services Foundation and the Latino Psychological and Social Services Organization. Emily replaces Jamboree's beloved Angela Olpretean, who returned to Sweden after serving as Executive Assistant to our president for two years.
Featured Partner: Union Bank of California
Union Bank of California's Community Development Finance (CDF) division is lead by a dedicated team of professionals who are widely recognized as leaders in the affordable housing community. Since 1992, Union Bank has financed more than $1.5 billion in affordable housing equity investments, which made possible the construction of over 35,000 homes for low income families. Jamboree has partnered with Union Bank as the construction lender, permanent lender and tax credit investor for several developments, with nearly $40 million provided in financial assistance. Union Bank believes their continued commitment is critical to the affordable housing industry. Visit www.unionbank.com for more information.
|
|
IN THE NEWS... |
|
|
The grand opening of Ceres Court made front-page news in the Fontana Herald News and was featured in the San Bernardino Sun as well as on KFON, the local public access channel.
Project of the Year
Following our Puerto del Sol Grand Opening and Long Beach's Affordable Housing Week, Jamboree was awarded the 2008 Affordable Housing Project of the Year Award by the Apartment Association, California Southern Cities.
Our traditional HEARTwarming - an event to welcome residents and introduce them to their neighbors, property management team, and the resident services program, staff and partners - took place at Ceres Court in September. Homemade Mexican food from the family business of Resident Services Coordinator Carol Almendarez was generously donated and served to a group of more than 100 residents and guests.
|
|
SPECIAL THANKS TO OUR LATEST DONORS! |
|
|
$50,000+: Advent Construction, Children and Families Commission of Orange County, Union Bank, WaMu
$25,000+: Bank of America
$20,000: US Bank
$10,000+: First Five of Alameda County
$5,000+: City of San Clemente, KTGY Group, Inc.
$1,000+: Rutan & Tucker
$500+: David & Allison Wood
Contact Information
Phone: 949-263-8676
| |
|
|
|
|
|
|
|
|
