June 19, 2015

An MIF refinanced loan is helping Church of Hope welcome a special high school

University Lutheran Church of Hope resides in one of the oldest sections of Minneapolis. And the neighborhood is changing. Perched on the edge of the University of Minnesota campus, the neighborhood that was once home to families is now the site of student housing. And while families may have moved from the neighborhood, they continue to come to University Lutheran Church of Hope for worship, fellowship and outreach.

The congregation celebrated its 100th anniversary in 2004. Over the years, the classic limestone church was expanded and updated. In 2006, with the help of a capital campaign and a loan, the education building was remodeled, classrooms and meeting spaces were updated and new windows and sprinklers were installed.

The renovation project was necessary to rent the space to PEASE Academy (Peers Enjoying a Sober Education) to operate within the building. PEASE charter high school serves Minnesota students who are in recovery from drug or alcohol addiction. It is the longest-running high school recovery program in the country, offering individual sobriety plans, onsite chemical dependency counselors and advisors, support groups and peer support—in addition to standard academics.

This year, MIF refinanced the congregation’s loan, offering a more competitive rate and allowing the important work of PEASE to continue in the updated education wing at University Luther an Church of Hope.