Bon Secours distributes the loan under the hospital system’s community investment program, where part of the investment funds are disbursed in the form of loans to community projects. These funds are available to borrowers at low or below market rates to help improve the overall health of communities, according to a press release.
“Helping people is at the heart of everything we do,” said Deb Long, director of community health for Bon Secours St. Francis, in the release. “We know that serving our community is not just about providing quality health care in our facilities. We must also do our part to help address other issues affecting the region, such as affordable housing, education and employment. This is why this loan is truly an investment in our community.
Bon Secours often develops long-term collaborative relationships with local organizations such as CommunityWorks to help improve the quality of life and health in local communities, the statement said. Although the Greenville-based organization opened in 2008 as a local housing trust fund, it has since grown into a multi-faceted community development financial institution that provides financial education, as well as access to housing. low cost loans for affordable housing, community facilities and commercial revitalization, among others.
“CommunityWorks is delighted to expand our partnership with Bon Secours to support economic opportunities for underserved populations in core redevelopment areas,” said Tammie Hoy Hawkins, CEO of CommunityWorks, in the statement. “Bon Secours has been one of our partners since 2015. This increased investment will allow CW to expand its partnerships and develop innovative financing that supports small neighborhood businesses and affordable housing opportunities in the rapidly gentrifying neighborhoods of Greenville. .
Bon Secours St. Francis is part of the Bon Secours Mercy health system.