SECU $500,000 Loan to Shelter Homeless, Runaway Youth
Through its foundation, North Carolina's State Employees' Credit Union will provide a 0% $500,000 construction loan for a maternity home that serves homeless and runaway youth.
The loan will serve the new With Friends Residential Maternity Home in Gaston County, N.C. Through a partnership with North Carolina Housing Finance Agency, the SECU Foundation loan will provide an estimated savings of $30,000 to $40,000 for With Friends Inc., a non-profit serving youth who are homeless, runaways, or in crisis because of family dysfunction or lack of connections with other adults and the community, according to the CU.
Residents will be provided an individual service plan consisting of housing, education, employment goals, training and other child-related services. The project is a one-story
5,800 square foot facility with six bedrooms, private baths, and common areas including a kitchen, dining room, play room, computer lab and a counseling center.