CaringWorks Line of Credit
About the project
CaringWorks, was formed as a not-for-profit organization in March 2002. The Organization was formed to provide social and supportive programs incorporated with residential housing to promote and facilitate stabilization, self-sufficiency, and community building among the individuals and families served. CaringWorks provides housing and behavioral health services with an aim to end homelessness by providing the services to men, women and children to attain self-sufficiency; offering programs that focus on specific obstacles to stability such as disabilities, criminal records, HIV/AIDS, domestic violence, and PTSD; and providing access to safe, affordable housing and a full array of supportive services that are based on client needs.
CaringWorks provides services in the metro Atlanta area.
LISC provided a $250,000 line of credit to CaringWorks to bridge state and city grants for health and housing services provided by the organization. In 2022, CaringWorks served 953 individuals, with 839 receiving residential services and 234 receiving behavioral health services (and some individuals receiving a combination of both). Residential services include permanent supportive housing, short-term housing and residential facilities; 97% of permanet supportive housing households remained stably housed at the end of the year. This loan was partially funded with a gift from Mackenzie Scott.
Partner:
CaringWorks Inc.
Location:
Atlanta, GA
Total Investment:
$250,000
Jobs Created or Preserved:
4 jobs created or preserved
Specialized Funding Source:
Mackenzie Scott
Project Category:
Access to Essential Services
Product:
Bridge Financing
Website:
UN SDGs: