Find out more about the Foundation’s influence Investing effort; find out more about Capital Good Fund.

Our other effect opportunities

After are snapshots of extra effect investments, by date they certainly were made:

A loan was received by the Public’s Radio of $1 million to pay for donor pledges during its money campaign. The mortgage permitted the place to get and relocate its FM signal to aid expand its programming and audience. In the 1st 12 months, the place reported a 7% rise in listenership over 2018.

One community Builders (ONE|NB) received a $806,000 loan to aid the Protecting Providence Property system, a pilot effort to offer 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 supplied by ONE|NB when it comes to tenants to fundamentally buy the domiciles they’ve been leasing. Browse our tale with this investment.

Urban Greens received a $300,000 equity investment to create an 8,000 foot that is square community-owned co-op supermarket at 93 Cranston Street in Providence. The store successfully exposed in June 2019 and has now skilled sales that are steady community residents among others when you look at the Providence metro area. Urban Greens continues to focus on supplying affordable natural choices, partnering with neighborhood food manufacturers, and serving neighborhood residents with cooking demonstrations as well as other academic activities. Read our tale in the Urban Greens Co-op marketplace.

Horizon Healthcare Partners was granted a $300,000 connection loan to pay for setup prices 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 use emergencies by diverting clients from crisis departments to a setting that is community-based. BH Link has furnished assist to a huge number of Rhode Islanders and is an especially critical solution through the pandemic that is COVID-19.

Community Care Alliance (CCA) received a $225,000 loan to pay for Health Reimbursement Arrangement expenses.

CCA provides a broad selection of social 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 crisis divisions.

Farm Fresh Rhode Island received that loan of $1.9 million to aid the construction for the 60,000 sq ft Rhode Island Food Hub into the Valley neighbor hood of Providence. The foodstuff Hub will offer a location for locally grown, harvested, and caught meals. 50 % of the area will house Farm Fresh RI’s programs and operations, including a year-round farmers market, together with space that is remaining be leased to meals and farm-related small enterprises. Construction will be finished in Fall 2020 utilizing the cold weather market opening quickly thereafter.

Horizon Pharmacy received a $313,510 loan to get the Synergy Medications Systems Robot to process a high number of packed prescriptions more proficiently. Horizon Pharmacy had been launched by and associated with Horizon Healthcare Partners. The pharmacy provides solutions to care that is long-term, including team houses if you have developmental disabilities, assisted residing facilities, and long-lasting care providers. The increased efficiency, supplied by the robot, is allowing Horizon Pharmacy to provide an extra 120-150 consumers each year.

The UCAP class received a $1.5 million loan to refinance its home loan on its Providence buildings. UCAP enrolls center college students from Central Falls, Cranston, and Providence to assist them to remain on track for graduation. As a whole, 140 7th and eighth grade pupils are offered yearly.

The Fund will offer predevelopment that is affordable purchase loans for multi-family, single family members, mixed-used, community facilities, and neighbor hood economic 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 supply loans that are low-interest funding to private home owners and designers. For property owners, the 500 fast cash loans title loans loans are as much as $50K for outside renovations for almost any property built prior to 1940. For designers, the loans should be as much as $1 million and certainly will provide space funding for the comprehensive rehabilitation of structures or construction that is new. All commercial tasks will even have a housing component that is affordable.