A loan guarantee made possible by Jubilee Fund investors helped make a new home possible for the Explorer’s Childrens Centre in Winnipeg’s Weston neighbourhood.
The Centre was in jeopardy of closing when the space they were leasing was sold and no other community or commercial space was available.
With the help of the City of Winnipeg, who agreed to lease the old Weston Fire hall to the group, and a grant from The Winnipeg Foundation, they were still short of the projected renovation costs. Without a reserve fund the chance of obtaining a commercial loan to complete the financial plan was unlikely.
Jubilee Fund could see the importance of the centre for children and staff and was happy to provide a loan guarantee to the group. Now the fire hall, a place that once helped protect the area, is providing a safe, affordable service to parents and children.
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