This week Kimberlee R. Cornett, Managing Director of the Krege Foundation's Social Investment Practice, wrote about some of the work the Kresge Foundation has made possible as a funder and partner to CDFIs.
The Kresge Foundation has announced first-round investments totaling $14 million to expand opportunity for low-income individuals in American cities.
The Kresge Foundation is awarding $3 million to Boston Community Capital's (BCC) loan fund to invest in Massachusetts' Gateway Cities, small to mid-size regional cities with industrial histories.
Today Nonprofit Finance Fund (NFF), an OFN Member, announced a new partnership with The Kresge Foundation. The partnership includes $1.7 million to build bridges between community human service providers and healthcare organizations.
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.