Libro Credit Union invests in affordable housing in London

Libro Credit Union $50,000 investment helps build 35 new affordable housing units in London 

For immediate use
April 15, 2020

LONDON, ON – Libro Credit Union’s $50,000 investment to Youth Opportunities Unlimited will contribute to 35 new affordable housing units in London. 

Joan’s Place, a vision led by Youth Opportunities Unlimited—known locally as YOU—is where the affordable units will be built, providing young women and babies a stable home at the most vulnerable time in their lives.

“We have worked with YOU for many years and they are a trusted community partner,” said Shane Butcher, Regional Manager, Libro Credit Union. “Libro’s investment in YOU demonstrates the importance of stable housing and what it means now and in the long-term towards ending the cycle of poverty.”

Steve Cordes CEO of Youth Opportunities Unlimited thanked Libro and others who have joined in supporting a bright future for youth at a time when our community is facing a critical affordable housing shortage. 

He said, “in addition to finding a home, Joan’s Place residents will be able to build their path to financial independence through employment programs specifically designed for youth.”  These supports and others will be part of an innovative youth wellness hub to exist within Joan’s Place.

Libro Credit Union’s community investment programs support financial resilience, housing, local food accessibility and employment as key areas of focus to deliver our promise to grow prosperity in southwestern Ontario. 

“We want our community to know we stay invested for the long-term,” explains Shane. “We received the application for this project before the world changed. As part of our core business at Libro, community investments will continue.”

Last week, Libro announced a large donation to United Ways across southwestern Ontario in support of emergency response initiatives for Covid-19, bringing a total investment in London and area to $110,000.

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Media contact: Mike Donachie, Communications Manager, Libro Credit Union 
P: 519-672-0130 ext. 4344, C: 226-926-4068, mike.donachie@libro.ca 

Leaders at Libro are happy to be interviewed by the media.

Visit our website, for more information about our strategic investments and partnerships that strengthen communities.

 

About Joan’s Place
Joan’s Place is designed to serve youth, young moms, and moms to be who are at risk of homelessness and are in need of affordable housing with supports in the downtown London area. In most cases, this property would be promoted to potential tenants between the ages of 16 and 24 who are receiving Ontario Works support and young singles with low-income. Visit thenewaddition.ca, for more information.

About Youth Opportunities Unlimited 
YOU is a non-profit, registered charity which has been providing youth-focused services in London, Ontario and Middlesex County since 1982; helping 3,000 young people annually achieve educational, training, employment and personal development goals.