Message From The ED

Dear RIHEBC community:

Happy Summer! I hope you are enjoying the season staycationing in beautiful Rhode Island or vacationing wherever your travels take you.

We at RIHEBC have spent our summer so far handing out BIG checks, hitting the road for our RHODE Trips, and closing DEALS.

These fun summer activities are described in the newsletter below.

Email me at kmooers@rihebc.com and name just ONE of the institutions we “big checked”, Rhode Tripped to, or closed a deal with, during Q2, and you will win a sturdy RIHEBC grocery bag and a magnetic RIHEBC letter opener. How exciting is that?

You know what else is fun? HELPing others. Please check out our new HELP loan program to see if it might benefit you or an organization you know. Here is the link to our website: rihebc.com/help.

And on to the rest of summer! Baseball, hotdogs, apple pie, and . . . RIHEBC!

Sincerely,

Kim Mooers

Executive Director

(401) 831-3770 x107

RIHEBC Closes On Over $129 Million In Bond Financings In Q2 2003

University of Rhode Island

June 15, 2023

$15,440,000 

Capital Improvements

Engineering and construction of upgrades and component replacements to five municipal-level utility systems on URI's Kingston Campus.

The Learning Community Charter School

May 19, 2023

$2,774,000

Refinancing of the School’s RIHEBC Series 2007 bonds

Providence College

April 26, 2023

$112,345,000

Capital Improvements

Construction of the new School of Nursing and Health Sciences building and Shanley Hall, a new 360-bed residence hall.

Rhode Trip Stop #4 – Blackstone Valley Prep Mayoral Academy

On June 8th, the RIHEBC team resumed our summer Rhode Trip series with a visit to Blackstone Valley Prep. Jenn, Dina and Kim stopped by the Network Office at 310 Broad Street in Cumberland to chat with Christine Losea, the CFO of BVP, and Sarah Anderson, CEO and Superintendent. Christine then piled all of us into her Rhode-worthy vehicle and took us to BVP Junior High School on Lonsdale Avenue in Central Falls, and the Upper Elementary School on Fairlawn Way in Lincoln, both of which were financed by BVP’s most recent RIHEBC bond issue. It was great to see the students in action at both schools and to catch up on all the latest news with BVP, all on a beautiful, almost-summer day.

RIHEBC Funds $100,000 Capital Grant for New Sprinkler System at Trudeau Center’s Mullen Building

On May 31st we visited the J. Arthur Trudeau Memorial Center in Warwick to present a ceremonial $100,000 Capital Grant Program check for the installation of a new NFPA13 fire sprinkler system in the Mullen Building which houses the Early Intervention Clinic, as well as a recreational center and gymnasium used for social and sporting events for children and adults with disabilities.

“The Mullen Building is such an important resource for the children and adults with disabilities we serve, and this $100,000 RIHEBC grant will allow us to invest in a needed new fire sprinkler system for the space,” said Dr. Al Vario, President and CEO of the J. Arthur Trudeau Memorial Center. “We thank RIHEBC for this grant support to help us meet our facilities needs so we can continue to deliver the services our clients depend on.”

RIHEBC Funds $100,000 Capital Grant for Town of Cumberland Handicap Accessible Playground at B.F. Norton Elementary

On May 9th we attended a ribbon cutting ceremony and presented a ceremonial $100,000 Capital Grant Program check to the Town of Cumberland for the new Americans with Disabilities Act (ADA) handicap accessible playground at B.F. Norton Elementary School.

“I want to thank RIHEBC for providing this grant funding to make the dream of a new, fully ADA accessible playground at B.F. Norton Elementary a reality,” said Cumberland Mayor Jeff Mutter. “We can’t wait to see kids playing, smiling, and just plain having fun at this great new playground facility.”

RIHEBC Funds $66,700 Capital Grant for New Nurse Call Light System At Saint Antoine Residence

On May 3rd we visited the Saint Antoine Residence in North Smithfield to present a ceremonial $66,700 Capital Grant Program check for the installation of a new nurse call light system.

“On behalf of the entire Saint Antoine Community, I want to thank RIHEBC for providing this grant funding to allow us to install a critical new nurse light call system at our skilled nursing facility” said Garrett Sullivan, Executive Director of the Saint Antoine Residence. “The new system will help ensure that our nurses are aware when residents are experiencing an issue they need assistance with. We deeply appreciate RIHEBC’s support in helping us meet our mission of providing quality, compassionate care to our residents.”

RIHEBC In The News

RIHEBC funds $100k sprinkler system for Trudeau Center, ABC-6

“The Trudeau Center provides essential services to Rhode Island children and adults with disabilities, and we are pleased to help support their mission with this $100,000 Capital Grant Program check for a new sprinkler system in their Mullen Building,” RIHEBC Executive Director Kim Mooers said.

Yet another grant for Cumberland will fund playground, Valley Breeze

“RIHEBC is pleased to provide Capital Grant Program support for this beautiful new playground facility that will be accessible to all Cumberland children,” said Mooers in a news release. “We strive to fulfill our mission to improve the health and well-being of all Rhode Islanders by helping Rhode Island organizations meet their facilities needs. This playground is a wonderful (and fun!) example of that.”

RIHEBC awards $66K capital grant to Saint Antoine Residence, Providence Business News

“At RIHEBC our mission is to improve the health of Rhode Islanders by helping organizations like Saint Antoine invest in their facilities,” said Kim Mooers, executive director of RIHEBC. “We’re pleased to present this $66,700 Capital Grant Program check to the Saint Antoine Residence for the installation of a new nurse call light system that will serve as a critical communication link between residents and caregivers.”

RIHEBC's Programs

Tax-exempt bonds for capital projects and refinancings in excess of $4 million with a term in excess of 10 years. Learn more.

Equipment leases for equipment purchases and capital projects in excess of $1 million with a term of 10 years or less. Learn more.

Loans for eligible organizations with operating budgets of $10 million or less who face challenges obtaining traditional financing from banks and credit unions. Learn more.