Regional nonprofit lender Craft3 has received access to $22 million in new resources to support the development of community facilities in rural and tribal communities across the Northwest. The award will build capacity for small, rural towns and Native organizations and make community-centered investments that help reduce persistent poverty.
“Lack of capital in tribal communities means a lack of opportunity – and that lack of opportunity has helped create generational, persistent poverty.” said Adam Zimmerman, President & CEO of Craft3. “We’re proud to be partnering with USDA Rural Development and the Northwest Area Foundation on Uplift America to make critical investments that improve quality of life, reduce poverty, improve access to capital, and create jobs.”
Read the full press release here.