Treasurer Frerichs to Announce First Green Lending Program Loan Recipient
CHICAGO - Illinois State Treasurer Michael Frerichs will announce Just Christ Ministries as the first loan recipient of the Non-Profit Green Lending Program. The program, which assists non-profits and faith-based organizations to make their property more energy efficient, addresses the barriers that non-profits and faith-based organizations face when seeking access to capital. While a home owner often secures such loans by using a residence as collateral, financial institutions almost never do so with real estate owned by non-profits and faith-based organizations.
The loan for Just Christ Ministries was secured through the Illinois State Treasurer’s Office and Faith in Place, an Illinois-based interfaith environmental non-profit, that helps to identify non-profits and faith-based organizations that could benefit from the Green Lending Program. Everence Federal Credit Union, a faith-based financial services organization, financed the low-interest loan and will continue efforts to make money available for low-interest loans that would assist non-profits and faith-based organizations that otherwise are unable to secure financing.
The media and general public are invited to attend the event on Monday, February 5, 2018 at 10 a.m. at Just Christ Ministries at 7427 S South Chicago Avenue, Chicago, IL.
WHO: Treasurer Michael Frerichs, Rev. Brian J. Sauder, Executive Director, Faith in Place, Pastor Anthony Wright, Just Christ Ministries
WHEN: February 5, 2018, Event begins at 9am, press are invited to join at 10am
WHERE: Just Christ Ministries, 7427 S South Chicago Avenue, Chicago, Illinois