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

Our other effect opportunities

After are snapshots of extra impact investments, by date these were made:

The Public’s Radio received financing of $1 million to pay for donor pledges during its money campaign. The mortgage permitted the station to get and relocate its FM signal to greatly help expand its market and development. 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 aid 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 as a whole) and leased to six families making $45,000 – $75,000 each year. Financial counseling is supplied by ONE|NB for the renters to fundamentally buy the domiciles they have been leasing. Study our tale with this investment.

Urban Greens received a $300,000 equity investment to create 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 it has skilled constant product sales among community residents as well as others into 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 events that are educational. Read our tale regarding 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 crisis divisions up nearest advance america payday loans to a setting that is community-based. BH Link has furnished make it possible to numerous of Rhode Islanders and it 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 costs.

CCA provides an array that is wide of solutions to residents of north Rhode Island. Programs consist of, but they are not restricted to, housing (including rehousing that is rapid crisis and healing housing), fundamental requirements help, 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 guide the construction for the 60,000 sq ft Rhode Island Food Hub when you look at the Valley community of Providence. The foodstuff Hub will give you a location for locally grown, harvested, and caught meals. 1 / 2 of the area will house Farm Fresh RI’s programs and operations, including a year-round farmers market, together with staying area will be leased to food and farm-related small enterprises. Construction will be finished in Fall 2020 using the cold weather market opening quickly thereafter.

Horizon Pharmacy received a $313,510 loan to buy the Synergy Medications Systems Robot to process a volume that is high of prescriptions better. 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 if you have developmental disabilities, assisted residing facilities, and long-lasting care providers. The increased efficiency, given by the robot, is allowing Horizon Pharmacy to serve one more 120-150 customers each year.

The UCAP School received a $1.5 million loan to refinance its mortgage on its Providence structures. UCAP enrolls center college students from Central Falls, Cranston, and Providence to simply help them remain on track for graduation. As a whole, 140 7th and grade that is eighth are offered yearly.

The Fund will give you predevelopment that is affordable acquisition 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 you low-interest loans and funding to personal property owners and designers. For property owners, the loans will soon be as much as $50K for outside renovations for almost any property built prior to 1940. For designers, the loans will likely be up to $1 million and can offer space funding when it comes to comprehensive rehabilitation of buildings or construction that is new. All commercial jobs may also have an inexpensive housing component.