Round four of Wells Fargo’s Diverse Community Capital (DCC) Program is open.
Five CDFIs delivering innovative strategies to meet diverse consumer needs, are set to receive a cumulative $4MM from the Wells Fargo NEXT Awards for Opportunity Finance.
This week Enterprise Community Investment announced it has syndicated $14.75 million in low-income housing tax credit equity provided by investor American Express to help finance the $29 million, 70-unit development close to public transportation in Denver.
With nearly 60% of Americans struggling with financial health, and a growing number of households turning to high-cost alternative financial products and services, CDFIs are needed more than ever to expand their role and provide this market with affordable and responsible products.
Today, the Knowledge Network of the Diverse Community Capital program met in person for the first time at the Small Business Finance Forum in Chicago.