Investing in Kaleidoscope

From 1999 until 2007, we were known as the Saint John Community Loan Fund and we shared space with the Human Development Council above the Saint John City Market. By 2008, both organizations had grown in staff. A pitch was made to the the Board about purchasing a building. Management felt it important to walk the talk we gave to clients, "to create income, build assets and become more self reliant". An angel investor heard the pitch, and provided the leverage to buy 139 Prince Edward Street; a three unit building, with a ground floor pawn shop and two abandoned apartments above. Located in one of Saint John's Priority Neighbourhoods and only two blocks from the city centre, it was an ideal location. With additional funding from the Province's Rental Rehabilitation Assistance Program and the Regional Development Corporation, plus sweat equity and a Bayview mortgage, 139 Prince Edward became our home in 2016. Now, we are known as Kaleidoscope Social Impact.