www.CenterforGreaterGood.com | contact@centergg.com | 410 East State Street Eagle, ID 83616

CITIZENS FIRST HOUSINGFinancial FreedomWritten by Ravi Hanumara

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Financial Freedom

Many low-income communities have social services provided on site. However, most of these services do not reach full effectiveness as they are often underfunded and lack real outcome measurements. Furthermore, these services are sustained mainly on periodic grants, which means services are typically the first thing to go when cash flow becomes tight.

Our financial model eliminates these problems. We provide a social services budget of $800 per unit per year and ensure that a Community Coordinator is employed full time at every community. Rather than have our Community Coordinator and social services funded by grants, we structure our communities so that Center for the Greater Good takes care of all required funding and ensures a reliable and predictable cash flow.

As a result of this funding, the Community Coordinators are able to:

• Reach out and collaborate with other non-profits in the surrounding areas to bring in even more services

• Partner with small businesses and entrepreneurs to provide job opportunities as well as financial education to resident

• Leverage technology to incorporate resident and investor feedback

• Leverage technology to track and measure outcomes

How our Financial Model Works

Center for the Greater Good offers loans below market rate for affordable housing developers and stays in first position. A percentage of the interest paid back by the property to Center for the Greater Good fund pays for the social services. Because the services and the Coordinator are funded by the debt service and cash flow of the communities, the consistency and effectiveness of the integrated social services is ensured. Ultimately, this enables the Community Coordinator to focus on creating impact rather than spending time and resources applying for grants.