Many families obtained decent rental housing ; others have moved out of rental housing into either cooperative homeownership or individual homeownership; Economic Development-six commercial buildings created anchor businesses: Hellas Video/Moonlight Terrace restaurant created 10 jobs
Dudley Terrace/Hermanos Unidos-created 4 jobs
Pierce Building at Dudley Street and Columbia Road-created 50 jobs
Daloz Dry Cleaners Building-22 artist studios
Built 65 Bay Street digital printing and graphics facility for Spire-100 good technology and printing jobs
Fundonzino Lounge, 570 Dudley St. to build housing over commercial
Home Ownership Acquire, renovate, and sell homes to first time home buyers
New construction of single and 2-3 families
Two housing cooperatives
Small Business Program-Provided access to capital for start-up and local businesses needed to rebuild the local economy:
Received $700,000 in investments from mostly religious investors
Lent $686,000 directly from our own loan fund
Created 123 jobs and retained 365 jobs
In 2004, named SBA 504 lender (for larger real-estate and expansions)
Community Business Network (CBN) partnership with twelve other CDCs is now the Empowerment Zone lender as well
Of 51 loans, 71%-startups, 6%-minorities and 44% women
Packaged over $2.5 million for larger deals to other lenders and banks
In 2003 named SBA (Small Business Association) microbusiness lender
Organizing Involved 450 youth in various programs per year After school program (22) children per year Summer Camp (106 children ages 6-12) per year Sports leagues comprised of 150 children and teens per year Youth Force: leadership and organizing (25 teens) Team Expedition-high adventure trips (70 teens) per year Organized six tenant associations involving 400 adults Technology programs (CNET + TGH) training 881 people Placed 213 adults and youth in jobs, 55 placements in '04
|
