Our other effect opportunities
After are snapshots of extra effect opportunities, by date these were made:
The Public’s broadcast received that loan 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 aid expand its programming and audience. The station reported a 7% increase in listenership over 2018 in the first year.
One community Builders (ONE|NB) received a $806,000 loan to guide the Protecting Providence Property program, a pilot work to offer affordable houses 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 when it comes to renters to sooner or later buy the domiciles they truly are leasing. Browse our tale about this investment.
Urban Greens received a $300,000 equity investment to construct an 8,000 foot that is square community-owned co-op food store at 93 Cranston Street in Providence. The store successfully opened in June 2019 and it has skilled sales that are steady community residents yet others within the Providence metro area. Urban Greens will continue to focus on supplying affordable natural choices, partnering with local meals manufacturers, and serving neighborhood residents with cooking demonstrations as well as other events that are educational. Study our tale in the Urban Greens Co-op marketplace.
Horizon Healthcare Partners was granted a $300,000 connection loan to pay for setup charges for the State’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 emergency divisions up to a setting that is community-based. BH Link has supplied assistance to a large number of Rhode Islanders and is a really critical solution throughout the pandemic that is COVID-19.
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 fast rehousing in crisis and healing housing), fundamental requirements help, household help and reunification, and community-based options to divert people from medical center crisis divisions.
Farm Fresh Rhode Island received financing of $1.9 million to guide the construction associated with the 60,000 sq ft Rhode Island Food Hub within the Valley neighbor hood of Providence. The foodstuff Hub will give you a place for locally grown, harvested, and caught food. 1 / 2 of the area will house Farm Fresh RI’s programs and operations, including a year-round farmers market, as well as the space that is remaining be leased to food and farm-related smaller businesses. Construction will be finished in Fall 2020 with all the wintertime market opening quickly thereafter.
Horizon Pharmacy received a $313,510 loan to acquire the Synergy Medications Systems Robot to process a top level of packed prescriptions more proficiently. Horizon Pharmacy ended up being created by and associated with Horizon Healthcare Partners. The pharmacy provides solutions to care that is long-term, including team domiciles for those who have developmental disabilities, assisted residing facilities, and long-lasting care providers. The increased efficiency, given by the robot, is allowing 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 buildings. UCAP enrolls center school students from Central Falls, Cranston, and Providence to greatly help them remain on track for graduation. As a whole, 140 7th and eighth grade pupils are offered yearly.
The Fund provides affordable predevelopment and purchase loans for multi-family, solitary household, 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 give loans that are low-interest funding to personal property owners and designers. For home owners, the loans are going to be up to $50K for outside renovations for any property built prior to 1940. For designers, the loans is supposed to be up to $1 million and certainly will offer space funding for the comprehensive rehabilitation of structures or construction that is new. All commercial tasks may also have a reasonable housing component.
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