The Community Development Trust and Aeon announced the completion of a $36MM purchase of Seasons Park Apartments, preventing 400-plus low-income Minnesota families and 450 children from losing their homes.
The fund will make 10 year investments to CDFIs working within Woodforest's 17 state market.
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.
Capital Impact Partners, an Opportunity Finance Network Member, announced today that "it financed projects in underserved communities across fives states including California, Michigan, Minnesota, New Hampshire, and Texas.
The Community Loan Fund of the Capital Region has secured $3.5 million in funds after matching a competitive $1.75 million grant from the U.S. Treasury.