In October 2019, CDFI Friendly Bloomington partnered with CDFI Cinnaire to break ground on Kinser Flats, an apartment complex with on-site services for individuals in recovery for substance abuse and those coping with mental health disorders in coordination with Centerstone Inc., an organization in Bloomington that provides supportive services to such individuals. The project also enjoyed generous financial support from the City of Bloomington and the Indiana Housing and Community Development Authority (IHCDA).
“CDFIs help make life-changing community projects like Kinser Flats possible. Cinnaire has been a leading supporter of our focused campaign to increase community development investment in this region, and we hope this will be the first of several successful partnerships.-Brian Payne, CFB Executive Director
The Kinser Flats building design includes space for onsite recovery-focused supportive services for tenants to be provided by Centerstone and other community partners. Kinser Flats will operate as a low-barrier facility guided by the Housing First, harm-reduction approach, which prioritizes housing as a basic foundation for life improvement.
Read more about the project on the Cinnaire website here.
Read the speech given by Bloomington Mayor John Hamilton’s at the groundbreaking here.
STORIES FROM ACROSS AMERICA
Kinser Flats is far from the only successful example of CDFI assistance being utilized to support housing projects.
While CDFIs have picked up a lot of steam in recent years, their success is not limited only to cities and suburbs. Click here to learn how CDFI financing has repeatedly been utilized in rural areas to support innovative ideas and organizations that generate real change in their communities.
“When the […] community needs money, they think they have to go to the bank, period, and they don’t even know that CDFIs are out there and how to utilize them,” according to Kim Tieman, Health and Human Service Program Director for Claude Worthington Benedum Foundation.
In southern Indiana, CDFI Friendly hopes to strengthen the connection between CDFIs and the potential borrowers who may not be aware of them.