Multicultural Child and Family Hope Center Acquires Site with WELL Fund
The Multicultural Child and Family Hope Center (MCFHC) closed financing to take ownership of a former church property near its current home on the edge of Tacoma’s Hilltop neighborhood.
Enterprise Community Partners is very excited to announce that this transaction is our first loan closing through our Washington Early Learning Loan (WELL) Fund. Enterprise, Washington Community Reinvestment Association (WCRA) and Craft3 created the WELL Fund to offer low-cost financing to create or expand childcare centers serving low-income families. The WELL Fund blends funding from the State of Washington, the Ballmer Group, the Seattle Foundation, and private CDFI capital. This first transaction is the result of much technical assistance from Enterprise, collaboration from MCFHC, and the dedicated diligence of WCRA, who are the lender for this deal. We are excited to play a role in the continued success of Multicultural Child and Family Hope Center, in service of children and families.
Multicultural Child and Family Hope Center has been a pillar of strength and love for the community in Tacoma, WA and have operated in the Hilltop neighborhood of Tacoma since 2006. On any given day they can serve an average of 200 children ages 6 weeks through 13 years. Recognizing the needs of the children they serve, MCFHC has gone above and beyond the excellent care and learning they provide for children to also ensure that the children’s families and communities receive support as well. They operate a total of 22 programs out of their center, including ECEAP, emergency and respite care for foster children, parent-child visitation services, parent support services, child development screenings, on-site housing for children and families experiencing homelessness, and a home goods bank to provide furniture, clothing, hygiene products, and other necessities. The services to children are delivered through a pool of highly passionate and diverse staff that speak over 5 different languages. MCFHC is also renowned among Washington early learning centers for its high number of male teachers.
During the Covid-19 crisis, MCFHC has remained open, operating all services and adding a food bank service for families and the broader community that provides daily fresh lunches, non-perishable items, and educational kits for those who cannot attend. The pandemic has not slowed them down, and staff have tirelessly ensured that the center remains a place of support, love and resilience for children and families.
Multicultural Child and Family Hope Center is growing out of their current location and plans to construct a brand-new building to continue servicing children and families of Tacoma on the site financed through the WELL Fund. Their vision to expand services and serve more children is exciting and powerful. In partnership with WCRA through the WELL Fund, we are grateful to have the opportunity to play a role in bringing their vision one step closer to reality.