Faith-based Investors Help VOICE to Secure Needed Funding from GE
April 28th, 2015
Faith-based and socially responsible investors enabled leaders from VOICE (Virginians Organized for Interfaith Community Engagement) to use their proxies to attend the GE AGM in Oklahoma City on April 22. VOICE was interested to attend the AGM to press GE to commit to $1 million in funding for the Metro IAF/VOICE Equity Restoration Fund. The faith-based activists had already secured $1 million from J.P. Morgan and $1.5 million from Bank of America.
Their effort was successful, which the faith leaders learned in an email from the company just as they were boarding their flight to Oklahoma. The grant will serve to leverage $10 million+ from religious and other social investors to help finance the rehabilitation of blighted and abandoned properties, construction of new homes, the development of affordable rental housing, and other community restoration activities in Prince William County, VA.
The Oblates, through Fr Seamus Finn, OMI have been working with VOICE for several years on this initiative designed to help those crushed by the mortgage crisis in 2007-08.