Our other effect assets
After are snapshots of extra effect assets, 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 acquire and relocate its FM sign to assist 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 support the Protecting Providence Property system, a pilot work to supply 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 when it comes to renters to sooner or later buy the domiciles they truly are 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 supermarket at 93 Cranston Street in Providence. The store successfully exposed in June 2019 and has now experienced sales that are steady neighbor hood residents among others into the Providence metro area. Urban Greens will continue to prioritize supplying affordable natural choices, partnering with neighborhood meals manufacturers, and serving regional residents with cooking demonstrations along with other educational occasions. Study our tale regarding 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 effortlessly provide Rhode Islanders with behavioral health insurance and substance use emergencies by diverting clients from crisis divisions to a community-based environment. BH Link has provided assistance to thousands of Rhode Islanders and it is a really critical solution through the pandemic that is COVID-19.
Community Care Alliance (CCA) received a $225,000 loan to cover Health Reimbursement Arrangement costs.
CCA supplies an extensive selection of social 
solutions to residents of north Rhode Island. Programs consist of, but 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 folks from medical center crisis divisions.
Farm Fresh Rhode Island received that loan of $1.9 million to guide the construction associated with the 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 meals. 50 % of the room will house Farm Fresh RI’s programs and operations, including a year-round farmers market, plus the space that is remaining be leased to meals and farm-related smaller businesses. Construction will be finished in Fall 2020 utilizing the cold weather market opening quickly thereafter.
Horizon Pharmacy received a $313,510 loan to acquire the Synergy Medications Systems Robot to process a top number of packaged prescriptions better. Horizon Pharmacy had been launched 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 one more 120-150 consumers 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 assist them to remain on track for graduation. As a whole, 140 7th and grade that is eighth are offered yearly.
The Fund will offer predevelopment that is affordable acquisition loans for multi-family, solitary household, mixed-used, community facilities, and neighbor hood financial development initiatives serving low income families in north Rhode Island.
Providence Revolving Fund received a $2 million loan towards a ten dollars million Opportunity Investment Fund to give you loans that are low-interest funding to personal home owners and designers. For property owners, the loans is going to be up to $50K for outside renovations for just about any property built prior to 1940. For developers, the loans is supposed to be up to $1 million and can offer space funding for the comprehensive rehabilitation of structures or brand new construction. All commercial jobs will even have a housing component that is affordable.