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"Homelessness has long been a chronic problem in New York City, and as the city continues to face an unprecedented homelessness crisis, the City is taking steps to ensure that all New Yorkers have a safe place to stay at night," Mayor Eric Adams said in a statement announcing the creation of a $15 million revolving shelter fund.
The fund will help finance the construction of new shelters and the rehabilitation of existing shelters, the New York Daily News reports.
"One of our primary goals outlined in our Housing and Homelessness Plan was to replace dilapidated and dilapidated shelters with high-quality facilities," Adams said.
"This public-private shelter fund is an innovative solution that will further alleviate our communities' housing problems by providing much-needed funding that bolsters the ability of nonprofit homeless service providers to own, operate, and build shelters."
The fund will provide loans of up to 130 percent of the cost of the project to cover site acquisition and other costs, and will return the money to the fund to support multiple projects over time. Read the Entire Article
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A customized collection of grant news from foundations and the federal government from around the Web.
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Charity is good for the economy, right? Wrong, argues Elise Westhoff, president and CEO of the Philanthropy Roundtable. In an interview with Tom Temin of NPR's Federal Drive, Westhoff says that...more
Foundation: Ford Foundation, William Penn Foundation
The William Penn Foundation is donating $1 million to help disadvantaged Asian-Americans in Philadelphia, the Philadelphia Inquirer reports. The donation is part of the foundation's Spark Change...more
Foundation: New York Community Trust
"Homelessness has long been a chronic problem in New York City, and as the city continues to face an unprecedented homelessness crisis, the City is taking steps to ensure that all New Yorkers have a...more
Foundation: Nike
If you've ever wondered what it's like to be the youngest billionaire in America, you're in luck: Umaro Bacon, 37, is the youngest person ever to hold the title, Forbes reports. He's worth an...more
Foundation: New York Community Trust
"From the very beginning, our local nonprofits and community-based organizations have stepped up to fill the gaps and shouldered the heroic work of supporting newly arriving people and families,"...more
Private philanthropy in India is expected to grow at a compound annual rate of 11% over the next five years, according to a new report from Bain Company and Dasra, the philanthropic arm of India's...more
India is home to some of the world's biggest companies, but it's also home to some of the world's biggest philanthropists. Business Insider lists 20 of the best philanthropic companies in India...more
Foundation: California Community Foundation, Humboldt Area Foundation, Marin Community Foundation, Sacramento Region Community Foundation, Sierra Health Foundation, Silicon Valley Community Foundation, California Endowment, James Irvine Foundation, Wild Rivers Community Foundation, Irvine Foundation, California Wellness Foundation, National Philanthropic Trust
The earthquake that hit northern California in December didn't get the federal government's blessing, but that didn't stop two community foundations from setting aside $1.2 million to help people...more
"The fact that there are still places in the world where children can't access vital healthcare makes me so sad," says Gabriella Ocenasek, Partnerships and Marketing Director at World Youth...more
In the wake of Syria's devastating earthquake, the University of Pennsylvania is stepping up its efforts to help those in need. The school's Center for High Impact Philanthropy has set up a...more
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