Human Services, Health Organizations and Transit Receive a Majority of Kresge's Nearly $73 Million in First Quarter Grants
As with past grants of similar magnitude, the trustees conditioned payments - which will be made over four years - on meeting a series of project benchmarks. "We have every expectation that these benchmarks will be met in a timely way, leading to the beginning of construction this year and the line's completion in late-2010," adds Rapson.
The trustees approved ten other grants and one program-related investment to Detroit-area nonprofit organizations. The total, including the light rail investment, was $40.1 million.
In other fields of interest, awards were made to community colleges and early childhood education organizations, arts and culture organizations, and environmental organizations working to advance energy efficiency and renewable energy.
"No community is immune to the effects of the economic maelstrom we are experiencing," concludes Rapson. "Our hope is that we can help improve the day-to-day quality of life of our most disadvantaged citizens while increasing their long-term prospects for opportunity and self-sufficiency."