Community Foundation for Western Iowa (givewesterniowa.org) sends congratulations to Vision Malvern on the sale of their first home constructed through the Revitalize Southwest Iowa housing initiative – marking a significant milestone in the organization’s efforts to increase quality housing opportunities in the Malvern community. The newly constructed 1,603-square-foot ranch-style home built by Mark Hughes Construction, is located in the Fairview Hills Estates subdivision in Malvern, Iowa, and features three bedrooms, two bathrooms and modern finishes.
Generous funding for this innovative initiative was provided by the Charles E. Lakin Foundation Fund for Malvern, Iowa, and was established in 2024 at the Community Foundation for Western Iowa to enhance local housing, childcare and educational causes. The Community Foundation for Western Iowa manages and administers the foundation fund, an Endow Iowa Field of Interest Fund. With assistance from the Community Foundation’s Housing and Revitalization Committee, the Fund helps support Vision Malvern’s work through impact investing, fund administration and annual granting.
“The Housing and Revitalization Committee brought together public and private industry professionals to establish underwriting standards, due diligence requirements and reporting practices that help position these projects for long-term success,” said Sheryl Garst, Chair of the Housing and Revitalization Committee at the Community Foundation for Western Iowa. “We are excited to see this investment strategy creating tangible results for Malvern residents and supporting the community’s continued growth.”
Read more about the project at: bit.ly/VisionMalvernHomeSale.