• detail image of project

    $2.85MM for Refinance of Mobile Home Parks Providing Service-Enriched Housing for Adults Exiting Prison System

Hand Up Ministries

Clearinghouse CDFI (CCDFI) is supporting Hand Up Ministries’ efforts to stabilize and improve their two mobile home parks in Oklahoma. $2,850,000 in funding from CCDFI provides much-needed housing and services for homeless adults leaving the prison system.   

Hand Up Ministries, Inc. (HUM) is a faith-based, nonprofit, prison after-care program for adults who have recently been released from prison. The ministry owns two mobile home parks in Oklahoma City. These parks provide housing complete with utilities, transportation, meals, clothing, hygiene products, life skills, and employment counseling. This structure helps these men and women re-adjust to society. Financing provided by CCDFI enables HUM to refinance existing high interest rate debt into a long-term fixed-rate loan with additional funds made available for improvements to the mobile home parks.  

David Nichols founded Hand Up Ministries in 1996. Since its inception, the organization has housed over 250 individuals in Oklahoma. HUM works under the belief that “with the right cooperation from state agencies, municipalities, and organizations we can reduce our recidivism statistics [and] keep from growing the prison system.” 

Read the full story here: Just Funded – Hand Up Ministries

Financing Provided:
$2.85 Million
Location:
Oklahoma City, OK
Impact:
- Provides improvements to affordable mobile homes and parks
- Provides services to homeless adults leaving prison system
Purpose:
Refinancing of high interest debt into long-term fixed-rate loan with additional funds for park improvements
Year Funded:
2022
Read more stories