Capital for Compassion, a Holland-based group specializing in community redevelopment and affordable housing, surpassed $1 billion in nonprofit real estate development consultation, including West Michigan projects valued at over $39 million.
“Thanks to 16 years of dedication by our team and nonprofit partners,” Capital for Compassion founder and managing partner Kevin Foster said about the $1 billion achievement. “This milestone represents over 21,000 persons suffering from homelessness and often substance (use) who now have access to the necessary resources to become self-sufficient and productive members of their communities.”
West Michigan nonprofits Capital for Compassion has partnered with include Holland Rescue Mission, Third Coast Homes in Holland, Parkview Adult Foster Care Home in Zeeland, Muskegon Rescue Mission, Mel Trotter Ministries in Grand Rapids, Bethany Christian Services in Grand Rapids, Wedgwood Christian Services in Grand Rapids, D.A. Blodgett-St. John’s in Grand Rapids, YWCA in Grand Rapids, Georgetown Harmony Homes in Jenison, Kalamazoo Gospel Ministries and Haven of Rest Ministries in Battle Creek.
Capital for Compassion was founded in 2004 with the mission to raise the standard of living for communities across the country, including for marginalized members. Since then, the group has consulted on over 295 projects valued at $1.05 billion in property development while obtaining over $262 million in funding for organizations that provide affordable housing.
Capital for Compassion helps nonprofits across the U.S. access tax credits and affordable housing grants for development projects that deliver significant empowerment and supportive services to low-income residents who are often homeless and have special needs.