Through this fund, Rose aims to provide safe, energy efficient and affordable housing as a stable base for families and seniors and to connect residents with a range of health, educational and social services. Rose will certify properties with Enterprise Green Communities, a national standard for energy efficiency and wellness, and will partner with leading national foundations and schools of public health to measure outcomes for low-income residents.
Impact story - Goodwill Terrace Goodwill Terrace
Goodwill Terrace has provided affordable housing and supportive services to residents for more than 45 years. Renovations include $12 million in capital improvements to increase energy efficiency, modernize the building and create resident amenity and social services spaces as part of Rose’s Communities of Opportunity program.
The New York City Department of Housing Preservation and Development is working to preserve the long-term affordability of the building under the Mitchell-Lama program, which started in the 1950s to provide affordable rental and co-op housing to middle-income families. Revitalizing Goodwill Terrace will provide affordable housing for another generation.
The Praxis commitment
Praxis Mutual Funds supports organizations such as Jonathan Rose Companies through investments in Calvert Impact Capital, an impact-investing institution that helps people around the world through community development financing. It’s part of the Praxis commitment to place approximately 1% of each of its funds to benefit neighborhoods and individuals through community development investments.