Grand Rapids Business Journal
Courtesy Jubilee Ministries
The foundation, known as CFHZ, said last week that it extended a five-year, $250,000 line of credit through its CFHZ Program Related Investment (PRI) fund to support the work of Jubilee Ministries, a nonprofit working to strengthen neighborhoods in the greater Holland area through the development of attainable housing options.
The PRI fund, part of the Communityâs Endowment fund of CFHZ, holds $1 million to invest in opportunities that provide significant social impact and an ability to repay the loan.
Before (top) and after photos of a Jubilee Ministries housing project.
Courtesy Jubilee Ministries