Find out about the FoundationвЂ™s influence Investing effort; find out more about Capital Good Fund.
Our other effect assets
After are snapshots of extra effect assets, by date these people were made:
A loan was received by the PublicвЂ™s Radio of $1 million to pay for donor pledges during its money campaign. The mortgage permitted the place to acquire and relocate its FM sign to help expand its audience and development. In the 1st 12 months, the section reported a 7% escalation in listenership over 2018.
One community Builders (ONE|NB) received a $806,000 loan to aid the Protecting Providence Property system, a pilot work to present affordable domiciles to middle class households. ONE|NB purchased and rehabilitated four properties (six housing units in total) and leased to six families making $45,000 – $75,000 each year. Financial counseling is given by ONE|NB for the renters to sooner or later choose the houses these are typically is advance america payday loans a payday loan leasing. Study our tale with this investment.
Urban Greens received a $300,000 equity investment to construct an 8,000 sq ft, community-owned co-op food store at 93 Cranston Street in Providence. The store successfully exposed in June 2019 and has now skilled sales that are steady neighbor hood residents among others when you look at the Providence metro area. Urban Greens continues to prioritize supplying affordable natural choices, partnering with neighborhood meals manufacturers, and serving regional residents with cooking demonstrations as well as other academic events. Browse our tale from the Urban Greens Co-op marketplace.
Horizon Healthcare Partners was awarded a $300,000 connection loan to pay for setup prices for the StateвЂ™s Behavioral Health Link program (BH Link). BH Link seeks to more efficiently provide Rhode Islanders with behavioral health insurance and substance usage emergencies by diverting clients from crisis divisions to a setting that is community-based. BH Link has furnished make it possible to several thousand Rhode Islanders and it is an especially critical solution through the COVID-19 pandemic.
Community Care Alliance (CCA) received a $225,000 loan to pay for Health Reimbursement Arrangement costs.
CCA offers an array that is wide of solutions to residents of north Rhode Island. Programs consist of, but are not restricted to, housing (including quick rehousing in crisis and healing housing), fundamental requirements support, household help and reunification, and community-based options to divert people from medical center emergency divisions.
Farm Fresh Rhode Island received that loan of $1.9 million to aid the construction of this 60,000 sq ft Rhode Island Food Hub into the Valley community of Providence. A venue will be provided by the Food Hub for locally grown, harvested, and caught food. 1 / 2 of the room will house Farm Fresh RIвЂ™s programs and operations, including a year-round farmers market, as well as the space that is remaining be leased to meals and farm-related small enterprises. Construction shall be finished in Fall 2020 with all the cold weather market opening quickly thereafter.
Horizon Pharmacy received a $313,510 loan to buy the Synergy Medications Systems Robot to process a higher amount of packed prescriptions better. Horizon Pharmacy ended up being created by and connected to Horizon Healthcare Partners. The pharmacy provides solutions to long-lasting care customers, including group houses if you have developmental disabilities, assisted residing facilities, and long-lasting care providers. The increased efficiency, given by the robot, is enabling Horizon Pharmacy to provide an extra 120-150 customers each year.
The UCAP class received a $1.5 million loan to refinance its home loan on its Providence structures. UCAP enrolls center college students from Central Falls, Cranston, and Providence to aid them remain on track for graduation. As a whole, 140 7th and grade that is eighth are served yearly.
The Fund will give you affordable predevelopment and purchase loans for multi-family, solitary family members, mixed-used, community facilities, and community financial development initiatives serving low income families in north Rhode Island.
Providence Revolving Fund received a $2 million loan towards a ten dollars million chance Investment Fund to produce loans that are low-interest financing to private home owners and designers. For property owners, the loans will likely to be up to $50K for outside renovations for just about any property built prior to 1940. For designers, the loans will soon be up to $1 million and certainly will offer space funding for the comprehensive rehabilitation of structures or construction that is new. All commercial projects will even have a housing component that is affordable.