A white paper on Financial Freedom by the Center for Greater Good.

1. CITIZENS FIRST HOUSING
Financial Freedom
Written by Ravi Hanumara
www.CenterforGreaterGood.com | contact@centergg.com | 410 East State Street Eagle, ID 83616

2. Financial Freedom
Many low-income communities have social services provided on site. However, most of these services
do not reach full effectiveness as they are often underfunded and lack real outcome measurements.
Furthermore, these services are sustained mainly on periodic grants, which means services are
typically the first thing to go when cash flow becomes tight.
Our financial model eliminates these problems. We provide a social services budget of $800 per
unit per year and ensure that a Community Coordinator is employed full time at every community.
Rather than have our Community Coordinator and social services funded by grants, we structure our
communities so that Center for the Greater Good takes care of all required funding and ensures a
reliable and predictable cash flow.
As a result of this funding, the Community Coordinators are able to:
• Reach out and collaborate with other non-profits in the surrounding areas to
bring in even more services
• Partner with small businesses and entrepreneurs to provide job opportunities
as well as financial education to resident
• Leverage technology to incorporate resident and investor feedback
• Leverage technology to track and measure outcomes
How our Financial Model Works
Center for the Greater Good offers loans below market rate for affordable housing developers and
stays in first position. A percentage of the interest paid back by the property to Center for the Greater
Good fund pays for the social services. Because the services and the Coordinator are funded by the
debt service and cash flow of the communities, the consistency and effectiveness of the integrated
social services is ensured. Ultimately, this enables the Community Coordinator to focus on creating
impact rather than spending time and resources applying for grants.
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