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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
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
"All investments are impact investments," says Adam Spence, CEO of SVX, a non-profit financial services firm that has just launched Canada's first index designed to measure the impact of investments...more
Environmental, social, and governance (ESG) investing has gained popularity in recent years as clients seek to align their investments with their values and promote positive change in the...more
Foundation: Silicon Valley Community Foundation, California Endowment
In 2024, Los Angeles will host the Mission Investors Exchange 2024 National Conference, an annual conference that brings together more than 750 philanthropy and impact investing leaders from across...more
Foundation: California Community Foundation, California Endowment
Ava DuVernay financed her latest film with money from the Giving Pledgean initiative of the California Endowment, the largest US foundation to commit its entire $4 billion portfolio to social and...more
In what may be a first for a major US city, Los Angeles has been chosen as the site of the 2024 Mission Investors Exchange National Conference, a conference that will focus on "investing in social...more
Foundation: Marguerite Casey Foundation, Marguerite Casey Foundation, Rockefeller Philanthropy Advisors, Skoll Foundation, Target Foundation, Ford Foundation, Philadelphia Foundation, Rockefeller Foundation
"The US creative economy was most recently valued at over $1 trillion by the National Endowment for the Arts," per a press release, "even before considering film, fashion, video games, beauty, food,...more
"Having a purposeful job actually does transform someone's life," says Edwin Walsh, who runs a social enterprise in Australia called Assembled Threads. "You actually are moving someone from...more
A new scholarship fund in Canada will help high school students who want to further their education, the CBC reports. The Westlock Community Foundation in Alberta received a $26,800 donation from...more
Foundation: Citi Foundation
"To the youth, I urge you to be proactive, resilient, and persistent on your entrepreneurial journey," says the UN's resident representative in the Philippines. "Make your voices heard, take up...more
Canada is putting its money where its mouth is, with a $2.5 million investment in five projects in India meant to help the country's poor, the Toronto Star reports. "Many of these novel projects...more
Philanthropy News from...
Cleveland Foundation
Community Foundation of Jackson Hole
Community Foundation of Sarasota County
Silicon Valley Community Foundation
California Endowment
California Community Foundation
Marguerite Casey Foundation
Rockefeller Philanthropy Advisors
Skoll Foundation
Target Foundation
Ford Foundation
Philadelphia Foundation
Rockefeller Foundation
Social Entrepreneurship
Spotlight
Building a Million Dollar Company Where Everyone Counts
Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.
