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Cornerstone, Inc.

Program

Cornerstone's mission is to finance supportive housing for people with mental illness in the District of Columbia. This is done through a well-defined set of programs including:

Awards Program - By designing awards as a combination of loans and grants, Cornerstone has created a substantial repayment pool which it funnels into the purchase and improvement of more housing units.
Short-Term Loans - Cornerstone offers short-term loans for the time in between loan commitment and loan disbursement by government entities and private lenders. It also acts as an intermediary for short-term acquisition funding for special needs housing for the DC Department of Housing and Community Development.

Technical Assistance: Cornerstone provides hands-on technical assistance with finance packaging, construction needs, and document review. These services support borrowers who have limited experience in housing development and finance.

These services are available over the long term and along a continuum of care, so those consumers may maintain stability and stay in the community. Cornerstone channels public and private investment into subsidies for housing dedicated to mental health consumers, from government grants or investments by institutions such as Calvert Foundation.

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