May 11, 2016
Founded in 1988, the Society’s Community Development Investment (CDI) Program provides small loans (up to $25K) to organizations that serve the poor.
In order to share the wonderful works enabled by these loans, the Society we will run a series of short stories highlighting these.
Today we start with Project H.O.M.E. in Philadelphia, PA.
CDI supports Project H.O.M.E.’s mission: “…to empower adults, children, and families to break the cycle of homelessness and poverty, to alleviate the underlying causes of poverty, and to enable people to attain their fullest potential …”
Three current initiatives funded by the CDI loan are:
- The Francis House of Peace, 810 Arch Street, offering affordable supportive housing to both homeless men and women and to the community at large. The new nine-story mixed use building is near transit and social services.
- The Steven Klein Wellness Center continues to provide medical, behavioral and dental services. The Center will add a pharmacy in April 2016.
- Coming soon! A new building at 2415 N. Broad Street which will consist of 88 units and retail stores on the ground floor.
For a complete list of the groups the CDI currently has loans with click here.