Self-Sustaining Community Project to Deliver Jobs, Social Bonds, Hope
The housing crisis in the United States will soon burst as the end of government assistance programs looms and millions of Americans--including veterans, the elderly, children and average workers--face foreclosures and evictions with little or no chance of landing a decent home. Nick Saifan, Chairman of Vendaval Corp., explains how the cooperation between public agencies and private firms can help create new developments that will bring jobs, homes, and hope to American communities.
HUNTINGTON BEACH, Calif., August 9, 2021 /PRNewswire-PRWeb/ -- A housing crisis is about to explode across the United States. Recent studies show millions face evictions as unemployment continues and government rental assistance runs dry. More than 4 million people across the nation say they fear evictions or foreclosures in the coming months.(1) The situation is severe as the cost of housing has far outpaced wages in most areas. The crisis has overwhelmed state governments and social service agencies. By some estimates, rent debt stands at $23 million, or about $3,800 per average household.(2)
"We recognize that the need for housing is at a crisis level, especially for veterans, working families, and the elderly," says Nick Saifan, chairman of Vendaval Corp. "Once the rental and mortgage assistance programs end, we're going to see a lot of people across America in need of a new place to live; while many others may end up on the street."
According to Saifan, this is a crucial moment when all American communities must come together. The problem is too big for the government to solve it alone. Private enterprise needs to help. The lack of affordable housing can be addressed in many ways; however, Saifan proposes a combined effort between the government and private enterprise—the development of self-sustaining residential and commercial projects. This idea is about to come to life in Moreno Valley, Calif., where Saifan will soon break ground on a civic-minded community development that seeks to create homes for working families, community centers, parks, and support services for the elderly, vets, and youth. The concept revolves around the community. It is a comprehensive plan, which Saifan hopes takes root across America.
The Moreno Valley project will produce 500 jobs during construction and hundreds more connected to the project's retail and commercial plans. The development includes everything from housing to commercial space to parks and the area's first Boys and Girls Club. The plans call for social service centers, eco-friendly development, and an electric bus system for residents. All told, the Moreno Valley project will pump more than $2 million into the local economy each year.
Beyond housing matters, the Moreno Valley development will be self-sustaining as a portion of the profits from the commercial ventures will be used to fund the project. There are also other ways this kind of project benefits the community. One of the requirements the Moreno Valley City Council insisted must be included is space dedicated to the community's youth.
"The council wanted a park for the kids, and we will build one for all kids. Additionally, there isn't a Boys and Girls Club in the area," Saifan says. "So, guess what? We're going to build it for them, literally at no cost."
The project also calls for eco-friendly construction and the development of all-electric transportation shuttles, which include charging stations. Vendaval will cover the cost of all this as part of the development. The company will also fund scholarships for local students. In addition, Saifan has pledged $1,000 as part of a "name the development" contest. He hopes many students and community members will provide an apt name for the project. The company will also lend support to a community-backed equestrian center that includes plans for stables and trails.
Community projects like the one about to begin in Moreno Valley are long overdue, Saifan says. Such concepts are needed c onsidering the current housing crisis facing so many average Americans.
Beyond the obvious community good that comes from supporting vets and the elderly, the Moreno Valley development will address local housing issues, provide young people with scholarships and employment, bring needed jobs to the area, and infuse the community with millions in tax revenue. The Moreno Valley plan is the first of many similar developments Vendaval hopes to create across the nation.
"I consider this project a blessing…a blessing to help ease the housing crisis. It will help vets, seniors, students, and everyone. And most importantly, it will provide jobs. But my fondest wish is to have this kind of project become commonplace across America, so the entire nation benefits," Saifan said.
About Vendaval Corporation
Nick Saifan served in the U.S. military for 24 years, including time stationed in Riverside County, CA. He experienced firsthand the difficulties of transitioning from military life to civilian life and, as a co-founder of a community-based nonprofit, he watched the difficulty in getting donations increasing year by year. Today, he's putting his business savvy where his heart is. He sees a community that, like many, has struggled to evolve with a changing employment picture in the region. Today Vendaval Corporation visualizes a sustainable business structure creating the opportunity for helping those in need with successful community-based programs. The differentiator in the communities he visualizes is self-sufficient affordable housing in a mixed-use development that offers on-site programs for veterans, youth, education, childcare, on-the-job training, and job placement. These programs begin even before ground is broken. Rounding out the community are retail outlets such as bakeries/coffee shops, dry cleaning shops, a paid-membership fitness center, and financial institution. For more information visit http://www.vendavalcorp.com/
1. Associated Press; "Millions Fear Eviction as US Housing Crisis Worsens"; Last updated 16, June, 2021; VOA News; voanews.com/usa/millions-fear-eviction-us-housing-crisis-worsens.
2. Sgaier, Sema K: "How Many People Are at Risk Of Losing Their Homes in Your Neighborhood?"; Last Updated 28, July, 2021; New York Times; nytimes.com/2021/07/28/opinion/covid-eviction-moratorium.html?action=click&module=Opinion&pgtype=Homepage
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SOURCE Vendaval Corporation
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