Higher Ground International To Renovate New Providence Headquarters With $250,000 RIHEBC HELP Loan

PROVIDENCE, R.I. – The Rhode Island Health and Educational Building Corporation (RIHEBC) has closed on a $250,000 Health & Education Loan Program (HELP) loan to Higher Ground International (HGI). The loan is a portion of the funding stack which will allow the organization to renovate their new headquarters located at 7 Ninigret Avenue in Providence.

 

“Our HELP loan program is designed to support Rhode Island’s growing non-profit organizations, and we’re pleased that this $250,000 HELP loan, our largest to date, will assist Higher Ground International in renovating their new headquarters to better serve the Liberian and West African communities.” said Kim Mooers, Executive Director of RIHEBC.

 

“Higher Ground International has been expanding to better serve the needs of our area’s West African, immigrant, and refugee populations, and that’s why we recently purchased a new headquarters building in Providence,” said Henrietta Tonia White Holder, Founder & CEO. “We were so thrilled to learn about RIHEBC’s HELP loan program. Together with this $250,000 loan and other funding sources, we’re ready to move forward with renovations so we can continue to grow and meet our mission. We thank RIHEBC for working with us to secure this much needed financing for a critical project.”

 

HELP Loan Basics

 

Eligibility

• Rhode Island not-for-profit institutions and cities, towns, and school districts.
• HELP applicants must have been in existence for at least 3 years.
• Not-for-profit examples include mental and physical healthcare providers; child day-care centers and institutions of secondary and post-secondary learning; cultural organizations like museums and performing arts centers; recreational facilities like YMCAs and Boys and Girls Clubs; and community service providers such as homeless shelters and after-school programs.

 

Loan Options

• $25,000 to $250,000 loans
• Terms of 3, 5, 7, or 10 years

 

For more information and HELP loan application details, visit rihebc.com/help.

 

# # #

 

About RIHEBC

The R.I. Health and Educational Building Corporation for the past 56 years has provided financing for non-profit health and educational institutions in the state as well as municipalities for school projects. It has issued over $10 billion in tax exempt bonds and is the largest financing agency of the state. rihebc.com – Twitter: @RIHEBC1

 

About Higher Ground International

Higher Ground International is a forward-thinking and culturally grounded social impact nonprofit organization dedicated to advocating for, empowering, and providing life-changing services to Liberians and West African immigrants, refugees, and other marginalized communities. highergroundintl.org