Good News Partners has made an initial equity investment of $200,000. Harris Bank Winnetka is providing an $800,000 mortgage. In order to keep monthly rents at a level, which our very low-income families can afford, we need to reduce the mortgage to $500,000. We are calling the difference between the $800,000 mortgage and the $500,000 permanent affordability our “Bridge Financing”.

Our goal is to empower ten low-income families to be able to realize their dream of permanent affordable housing. For each $30,000 we raise, we can provide bridge financing for one family’s home. With each $30,000 one hard working low income family’s mortgage will be reduced so that they will be able to thrive and no longer be at risk of taking an apartment they cannot afford thereby recycling into homelessness again.

You can partner with a family and Good News Partners’ support infrastructure to provide a secure, wonderful home. We are looking for donations of every size, no-interest loans or loans of at least $5,000 at 3% accruing until loan repayment 5 or 10 years from now. During the next two years we will seek funding to repay the loans from sources like the Federal Home Loan Bank. And our hope is that members of God’s household will realize the joy of participating in this great work of God’s so that we can reduce the debt the new residents will carry. This can be done through outright gifts or by forgiving a portion of your loan.