City Bails Out Providence Non Profit ProCAP

ProCAP gets a bail out from the city of Providence. A quarter of a million dollars is going to the organization that's accused of mismanaging hundreds of thousands in taxpayer money. That bail out money is also from taxpayers.

The board for the anti-poverty agency filed for bankruptcy Wednesday. The mayor said it was absolutely necessary for the board take its action for ProCAP to survive, and  so was a 250 thousand dollar bailout to keep its doors open.   

We've seen a lot of changes at ProCAP since the beginning of November. The newest is a bail out from the city.

“It's a step that needed to be taken really to save the agency, and we'll do everything we can to try and be supportive from a city side, because it's so important,” said Mayor Taveras.

Former ProCAP leaders have been accused by the mayor of mismanaging hundreds of thousands of dollars. Several former board members and management were fired, including Director Frank Corbishley.      

But Mayor Taveras said the change in leadership isn't enough. “I mean, I'm looking at the information that's come across my desk,” said Taveras, “I would assume that anyone who had the type of information I had would act accordingly as well.”

The mayor is using 250 thousand dollars of taxpayer money to keep the non profit in business. ABC6 Chief Political Analyst and former Providence Mayor Buddy Cianci thinks Mayor Taveras made the right move.      

“I really think as time goes on, they'll assemble the right management team and they will in fact do the best they can to put it on a straight and narrow path, and I don't think the taxpayers have anything to worry about,” said Cianci.

As for the people who rely on ProCAP, Mayor Taveras said he can't just let this organization close its doors.

“This is something we're doing because we want to make sure ProCAP survives,” said Mayor Taveras, “That's important, especially now during the winter time.”

The organization's heating assistance funds still hang in the balance. The state decides if it'll pull those by the end of December.