RAINBOW HOUSING ASSISTANCE CORPORATION

Rainbow Housing Assistance Corporation (Rainbow) is a nonprofit organization that provides service-enriched housing programs for residents of rental housing communities throughout the country. Rainbow provides a custom supportive services solution to every asset served, building a sense of community. Offering services that focus on community and promote the self-sufficiency of the residents has been proven to increase the financial viability of multifamily assets.Rainbow’s award-winning services package is structured in such a way that it can be implemented to perform for any population or demographic, preserving quality, affordable housing for those who need it most. If looking for a custom approach to educational youth programming, life-skills training for adults, or social activities for seniors – Rainbow has the solution. A Resident Services Coordinator (RSC), in conjunction with property managers, will create an environment that residents cannot afford to leave. The most popular programs include: Free afterschool educational programs for youth Job readiness and placement Job readiness and placement Computer literacy courses and life-skills training Financial resource management Community building exercisesRSCs also build coalitions, supplementing programs with expertise from local business leaders, state, and federal compliance groups, medical personnel, charitable organizations, and law enforcement resources. These programs directly correlate to tangible financial benefits, improving the asset’s performance. RSCs internalize features that residents want and need from the asset, encouraging long-term resident retention. Rainbow’s service-enriched housing program affords owners the following benefits: Reduced turnover Decreased marketing costs Increased occupancy rates Lower rental losses (bad debt, concessions, legal fees) Real return-on-investment