Veritas Impact Partners was founded with support from Fortune 500 industry leaders, housing professionals, former government officials, academic institutions, and foundation advisors with extensive experience and diverse backgrounds in real estate investment, community development, and resident enrichment. Veritas uniquely tackles the issue of housing affordability, which is a major issue in the US as there are over 44 million renters with a median household income of $41,000. These blue collar, low- and middle-income families are very vulnerable to economic hardship, as they often live paycheck to paycheck.
Veritas also helps these residents by including valuable services that are either free or subsidized by Veritas in the areas of health, education and financial advancement. By doing so, we are helping the resident to have fewer financial burdens while living in Veritas Programmed apartments.
Yes. Veritas Impact Partners is an IRS recognized 501(c)(3) nonprofit organization; therefore, your contribution is tax-deductible. Please check with your tax adviser for details.
Our Employer Identification Number (EIN) is 83-1734762.
No, Veritas is not affiliated with any religion. Veritas is about servant inspired leadership, no matter what higher power or personal philosophy one believes in. We believe that empathy, compassion and being connected to each other in our respective communities is ultimately the way humans survive and thrive as part of a vibrant America.
Veritas Impact Partners formally began in the Spring of 2019 with the intent of providing supportive services to residents who are living in workforce and affordable housing communities. Since March we have already had several large programs including:
- 5000 Tax Refunds Prepared for Veritas Residents
- 4,576 Free Meals to Veritas Residents
- 2000 academic scholarships
In March of 2020, we launched the Veritas Relief Fund to provide financial support and free / low-cost resources to all residents who are suffering from the financial and health impacts of the COVID-19 crisis.
We launched the Veritas Relief Fund in response to the COVID-19 pandemic to help hard working residents maintain Home, Health, and Safety during this time of crisis.
Veritas has three immediate goals to support communities impacted by the financial and health impacts of the COVID-19 crisis:
- Resource Guide for Food Security and Basic Needs – We created an online resource guide for residents to access the most up-to-date information to locate a variety of helpful resources. We have partnered with organizations such as Meals on Wheels, Intellihelp (Peer to Peer help), Generosity Feeds and others to provide these essential goods and services to residents.
- Telemedicine – We are working to bring entire communities immediate 24/7 access to medical doctors through their smartphones and computers. This will reduce risks for everyone, as well as help residents avoid the tremendous cost of visiting urgent care facilities, doctors offices for prescriptions, and the many non life-threatening medical issues families with children and the elderly routinely face.
- Financial Assistance and Rent Relief – We are rapidly engaging with property ownership companies to match charitable donations and bring financial relief to residents who have lost jobs and are at risk of being unable to meet their basic living essentials of food and shelter.
Our initial fundraising goal is $350,000 for this 2020 campaign. The more we can raise, the more we can expand our presence, including additional funding for The Resident Relief Foundation and the ability to provide more Teladoc grants.
Initially, our goal is to reach 200,000+ Texas workforce and affordable housing residents, and continue expanding our reach as we grow our coalition of apartment owners, property management companies, apartment associations, and other key stakeholders. Our expected impact is to bring some relief to the Texas workforce and affordable housing residents so they can maintain their home, health and safety during this crisis.
All donations are meaningful. Donations will range anywhere from $50 to $25,000 and every denomination in between.
If you have interest in volunteer opportunities, please complete our Volunteer Interest Form and we will reach out to you when opportunities are available.
Please submit your resource to firstname.lastname@example.org.
Veritas donations go directly to support our community programs, bringing free or subsidized resources to residents and direct support to apartment communities. We keep a very lean staff and most of our corporate expenses, including rent, are free to Veritas, ensuring that donations are mostly going directly to benefit the residents utilizing our programs.
As we launch, we’re turning toward all stakeholders connected to workforce housing communities. There are so many people in our community who are directly impacted by a resident’s ability to pay rent – apartment owners, title companies, brokerage firms, mortgage bankers, property management companies, insurance providers, utilities, vendors, apartment associations – anyone who touches commercial real estate is included in our target audience.
Remember, these residents are not only the backbone of the US economy, but they are the backbone of each of our businesses and they are the ones who allow everyone in the economic chain to thrive. When these workers maintain home, health, and safety, everyone benefits – from the stakeholders in our industry to our entire nation.
Our major contributors include Bellwether Enterprise, Capstone Title, Jones Lang LaSalle, Thrive FP, Comunidad Realty Partners, multifamily investors and real estate professionals across the national multifamily industry.
Our target audience is the population of residents living in workforce and affordable housing communities. “Workforce housing” is defined as apartments with rental rates affordable to those making between 60% and 100% of the area median income (AMI). “Affordable” is defined as rents of no more than 30% of the total household annual income. According to data from the Harvard Joint Center for Housing Studies, across the major Texas metro areas of Austin, Dallas, Houston and San Antonio, this equates to approximately 1 million occupied units. (America’s Rental Housing, 2020).
While we realize the COVID-19 crisis will require funding that far exceeds the $350,000 we are targeting, our strategy is to maximize the “Return on Investment” by leveraging technology to provide the most up-to-date resources that residents can easily access. We are amplifying this impact through our partnerships with property management companies, empowering property managers to utilize these resources to directly help residents navigate what is available. To further support these residents, we are establishing a partnership with Intellihelp, a platform that facilitates peer-to-peer exchange of essential goods and supplies, connecting those that have, with those in need.
Veritas Impact Partners is a 501(c)3 nonprofit organization, authorized by the IRS as a tax exempt public charity organization, chartered to provide social impact benefits to communities. Since our inception, we are recognized by GuideStar.org, as a nonprofit organization worthy of their highest honor, the Platinum Seal of Transparency, in both 2019 and 2020. GuideStar is the world’s largest source of information about nonprofit organizations. View our Guidestar profile here.
Many define “Workforce Housing” as the type of apartment housing that is affordable for people earning 60% to 100% of area median income (AMI). In higher-cost metros, the range is often extended up to 120% of AMI. This housing is affordable for middle-income service workers, such as police officers, teachers and nurses, in close proximity to their jobs. Workforce housing does not include government-sponsored housing, which predominantly caters to families earning below 60% of AMI.
Contact your Property Manager or access the Veritas Resource Center to find the most up-to-date national, state and local resources offering financial assistance, food security and health and wellness support programs you can use, here: Veritas Resident Resources.
To view a current list of job opportunities, including links to the application process for each, please visit: Veritas Resident Resources: Companies Hiring Now. This directory is updated daily with new job opportunities.
While Veritas focuses on supporting workforce apartment residents, (Median Income of $41,000), anyone can use the Veritas resource guide we have made public, here: Veritas Resident Resources. However, we do not provide direct program assistance to individuals living outside of the communities we support.
Veritas works with and supports communities to provide free and low cost relief services, but does not provide direct rent grants to individuals. To view our resource partners, who can determine your eligibility requirements for financial grants and loan resources to stabilize your housing situation, please click here.
Veritas has negotiated telemedicine services at a substantial discount for workforce communities. When we receive enough donations, we are able to provide these medical consultation services for free to our residents. When we don’t receive enough donations, we can still provide telemedicine at a discounted fee with help from our direct partnerships with property owners, property managers and/or resident cooperatives.
FOR PARTNERS, OWNERS AND MANAGEMENT COMPANIES
Activating community is the heart of our business because it also helps multifamily property stakeholders increase tenant retention and save rollover costs to vastly improve efficiency. We engage residents to improve their communities together and then they stay by choice, not circumstance. Our work throughout the COVID-19 crises is specifically focused on ensuring workforce residents (the backbone of America) are healthy, secure and financially strong enough to stay in the communities they’ve built together.