Local bank loaning One SAFE Place nearly $3 million for shelter expansion

Apr 3, 2015 7:10 PM by News Staff

One SAFE Place announced Friday that Cornerstone Community Bank will provide a $2.8 million loan for the construction of a new shelter for people affected by domestic and sexual abuse.

The loan will allow construction on a new shelter to continue, while One SAFE Place continues their fundraising efforts.

The One SAFE Place Board of Directors launched a fundraising campaign in November 2013 with a goal of raising $5 million to create a space that expands the shelter and includes client services under the same roof.

So far $3 million has been raised and work continues toward reaching the $5 million goal, but this loan from Cornerstone allows construction to proceed as planned.

"As a member of the One SAFE Place board, I've had an opportunity to be personally involved in the campaign and see the difference this organization makes in the lives of those who need help," said Matt Moseley, Senior Vice President and Chief Lending Officer of Cornerstone Community Bank.

Renovations of the existing building began in the fall of 2014, and the project is expected to be completed in the fall of 2015.


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