Editor’s note: The following is a press release from New Hope for Families. Bloom has republished it here with edits for style and clarity.
New Hope for Families has announced new commitments totaling $484,400 from the Community Foundation of Bloomington and Monroe County in support of the Growing New Hope capital campaign. This funding includes $134,400 in multi-year grants for the expansion of New Hope’s early childhood care and education program; a matching grant of up to $50,000 for the Roland E. Kohr Fund for New Hope Family Shelter; an endowed fund held by the Community Foundation; and a $300,000 low-interest bridge loan to cover a portion of development costs for New Hope’s new facility at 1140 S. Morton Street.
“We are deeply grateful for the Community Foundation’s generous support,” says New Hope Executive Director Emily Pike. “In addition to the funding—which has provided targeted support at several critical stages of our project—the Community Foundation team has provided expert guidance and encouragement that have proven invaluable.”
The Community Foundation’s commitments apply toward the $5.75 million capital campaign goal announced by New Hope during its April 12 groundbreaking ceremony. The new facility is scheduled to be substantially complete by late January. New Hope’s early childhood programs will move to the new facility in stages as portions are completed.
“We greatly value the partnership fostered with New Hope over the years,” says Community Foundation President and CEO Tina Peterson. “New Hope has continually demonstrated a commitment to our most vulnerable children and families. By providing essential housing and high-quality early learning experiences, New Hope is giving children and families a safe place to build a strong foundation to succeed in school and life.”
Currently located at 301 W. Second St., New Hope for Families has emerged as a community leader in social services for families in crisis. New Hope is the only place in Monroe County where families with children can find emergency shelter together and is the only emergency shelter in the state of Indiana with onsite childcare rated Level IV Paths to Quality. More than 90% of the parents who have children enrolled in New Hope’s early childhood education program have been able to gain or maintain employment.