Jubilee Fund investors supported Portage la Prairie Community Revitalization Corporation Inc. (Portage CRC)—an organization helping to reduce poverty and its harmful effects in Manitoba—with a direct loan in 2020.
Portage CRC acts as a delivery point for Federal and Provincial government support programs for residents in Portage la Prairie. Incorporated in 2008, it has grown into a vibrant multi-service centre providing supports and resources to local residents that focus on Community and Economic Development and serve people experiencing low income, homeless, marginalization and newcomers to Canada. They have many programs that lift people up to help them learn how to thrive and live independent, fulfilling lives.
Jubilee Fund investors supported Portage la Prairie Community Revitalization Corporation with a direct loan as a down payment on a mortgage for a single-story commercial building of approximately 5,000 square feet with 10 offices and two boardrooms in Portage la Prairie.
The loan allowed Portage la Prairie Community Revitalization Corporation Inc. to become their own landlord, paying a mortgage instead of rent. It means they are gaining equity and are more stable and secure to continue providing critical services and supports to families and individuals.
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