Founder’s First Five Fund: We Need Your Support
Caritas Communities has begun a new capital campaign called The Founder’s First Five Fund, to raise money for upgrading and repairing the original five homes of our affordable housing organization. The five buildings, located in Dorchester and Quincy, were purchased by Caritas founder P. Leo Corcoran and a core group of supporters in the 1980s. We kicked off this campaign at our 2015 Annual Dinner last November. So far, we have raised $400,000 toward our goal and are well on our way to raising the full $500,000.
The Founder’s First Five properties are:
- Dorchester: 127 Beale Street
- Dorchester: 147 Centre Street
- Dorchester: 289 Centre Street
- Dorchester: 179 Sydney Street
- Quincy: 8 Mechanic Street
These original homes are all triple-decker houses and home to 50 low- and extremely low-income men and women. Each floor has one communal bath and one communal kitchen with four to five individual units, each averaging 150 square feet. The buildings show pride of ownership in that they are functional and clean, but they are very much in need of updating and repair. The scope of work includes renovating the seven kitchens and 14 bathrooms, replacing two roofs, plastering and painting 15 common halls, addressing structural issues and upgrading two front entranceways.
With gentrification on the rise in both Boston and Quincy, we have witnessed the changes to these neighborhoods during our ownership of these homes. Average rent of a one-bedroom apartment in Boston is approximately $1,800 per month, and the average monthly income of a Caritas resident in the Founder’s First Five is $1,084, making it impossible to afford housing in Boston without an option like Caritas.
Our Goal: $500,000
Left to Raise: $100,000
Our Progress to Date
Director of Fund Development
781-843-1242 ext. 23
The Founder’s First Five Fund Our numbers tell the story.