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.
Pasadena-based Community Bank has recently added a $700,000 equity investment in Class A stocks at Clearinghouse Community Development Financial Institution (Clearinghouse CDFI).
Over the course of 10 years, more than $70MM was awarded by the Wells Fargo NEXT Awards to CDFIs creating impact through innovation.