Hello, RIHEBC Community.
As this newsletter reaches you, I hope you and your families, friends and colleagues are healthy and optimistic for the future. It is hard to believe we are entering the final months of this surreal year. With all that remains in the last quarter of 2020, we continue to be in for a very bumpy ride. Best to keep calm and carry on. Indeed, I believe that is all most of us can do: carry on; keep our focus on things we can control and try to have a positive impact on those people and organizations in our immediate sphere. To that end, the RIHEBC team is working to help our constituents through these challenging times. But because the pandemic is still ongoing, the full financial impact remains to be seen.
Keep calm and carry on. In case you missed prior announcements, we have implemented an emergency loan program to help cash-strapped borrowers. We have also updated and improved upon an old program that provides quicker, easier, cheaper access to tax-exempt capital. You can read more about both of these programs if you scroll down within this newsletter. In addition, we are formulating a grant program for COVID-impacted entities. If approved by the Board, it will be rolled out before the end of the year.
Finally, looking to last year’s third quarter newsletter, I was excited about RIHEBC’s first ever borrower conference. This year, lacking the ability to hold the second annual borrower conference, I am excited to announce a virtual conference that I have helped orchestrate. It is free to RIHEBC’s borrowers, past and present. Please scroll down for that information as well.
And keep calm and carry on.