INDIANAPOLIS (October 11, 2019) – Prosperity Indiana is pleased to announce an award of $100,000 from the Fifth Third Foundation for the Community Development Capacity Building Initiative. The Initiative will provide organizational capacity development support and training to Community Housing Development Organizations (CHDOs), Community Development Corporations (CDCs), Community Action Agencies (CAAs), and other organizations from the public, private, and nonprofit sectors across Indiana.
“We are proud to partner and support Prosperity Indiana with this Strengthening Our Communities Grant. This is a great example of Fifth Third’s commitment to create impact in our communities through inclusive lending, investments and services,” said Jadira Hoptry, Vice President of Community and Economic Development.
The goal of Prosperity Indiana’s capacity building initiative is to create, enhance and develop nonprofit capacity that expands the scale, reach, efficiency and effectiveness of the organizations’ housing activities. Approximately half of the granted amount will support the Indiana Housing and Community Development Authority’s (IHCDA) Moving Forward 2020 initiative. Moving Forward challenges affordable housing developers to utilize a systems approach to address multiple issues impacting residents and communities. This grant will underwrite the costs of this mandatory workshop for program participants. The balance will go toward workshops, trainings, and webinars focused on compliance, organizational development, professional certification, and leadership. Trainings and technical assistance will be offered beginning in 2020.
“Fifth Third has become a vital partner in the work of Prosperity Indiana and our members in their footprint. This award is yet another example of how we are able to do more to strengthen our communities when in concert with other organizations that are genuinely working to make a difference in the Hoosier state,” said Jessica Love, Executive Director of Prosperity Indiana. “We look forward to supporting Fifth Third’s goal of building the capacity of our critical community development infrastructure across the state.”
Since its founding in 1986, Prosperity Indiana has helped Hoosiers meet their basic needs, preserve and expand affordable housing, and connect individuals and families to education, employment, and economic opportunity by partnering with a broad membership base. The organization has become the premier convener and advocacy voice in Indiana’s community development landscape, and has established its presence as an authority on housing and community development policy.
About Prosperity Indiana
The Indiana Association for Community Economic Development d/b/a Prosperity Indiana Prosperity Indiana builds a better future for our communities by providing advocacy, leveraging resources, and engaging an empowered network of members to create inclusive opportunities that build assets and improve lives. Since its founding in 1986, Prosperity Indiana has grown to more than 150 members from the public, private, and nonprofit sectors.
About the Fifth Third Foundation
Founded in 1948, the Fifth Third Foundation was one of the first corporate philanthropic foundations established by a financial institution. In 2018, the Foundation awarded $12.1 million in grants in the areas of arts and culture, education, civic and community, and health and human services.