The Jessie Ball duPont Fund has made a $3 million Program-Related Investment (PRI) in LISC that will support affordable housing, community facilities and small business development in the Jacksonville, Florida urban core and surrounding areas.
GREEN BAY, Wis. (Feb. 13, 2018)—Associated Bank announced it has invested $1 million in The Wisconsin Women's Business Initiative Corporation (WWBIC)'s 'Putting Dreams To Work' Loan Opportunity fund.
Lake Forest, CA (October 24)—Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) announced today a new equity investment from the Shakopee Mdewakanton Sioux Community (SMSC), a federally recognized sovereign nation located in Scott County, Minnesota.
NextCity explores the impact of small banks and CDFIs on the nation's "most economically distressed areas." Writing, "As a group, the banks provided $550.8 million in loans to 3,181 businesses and $37 million in loans to 2,193 residents in target communities in 2015.
Today Local Initiatives Support Corporation (LISC) announced it will manage the Catalyst Housing fund in collaboration with Housing Trust Silicon Valley, and other potential partners, in "a critical next step toward deploying the funds and building new housing."