Daily Commercial News
On this episode of The Construction Record Podcast, digital media editor Warren Frey speaks with Construction Industry Rehabilitation Plan (CIRP) executive director Vicki Waldron and Community Savings Credit Union vice-president of strategic partnerships Raj Khunkhun about their partnership in deploying the Recovery Protection Program (RPP), which addresses the financial needs of those suffering mental health or substance use pressures and are going through CIRP’s rehabilitation process.
Waldron said the impetus for the partnership was that a big barrier to people staying in treatment was their finances, which often were affected negatively by their mental health or substance use struggle and that the RPP allows them to focus on their recovery.
Khunkhun said Community Savings waives banking fees and postpones loans for three months, and noted there are regulatory restrictions on going further than that time period. He added they modeled their part of the initiative on a previous policy used to help workers on strike or in a lockout situation.
You can listen to our recent interview with Chartered Institute of Building (CIOB) CEO Caroline Gumble here. Our episodes are available at the Daily Commercial News and Journal of Commerce websites, on Libsyn and at Apple Podcasts, Spotify and Amazon Music’s podcast section. Thanks for listening.