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...online platform offered in English and Spanish with more than 100 money, marketing, and management tools, videos, templates, and guides, including COVID-specific support. ACE’s technical support, coupled with initial loan...
...building improvements, equipment, and working capital. When their financing needs didn’t meet traditional lending requirements, the banker suggested Northern Initiatives. Serendipitously, Northern Initiatives had previously worked with two craft breweries...
...the development of 27.8 million square feet of real estate and created or preserved 12,393 affordable housing units, enabled 372,000 new patient visits in health centers, and created 55,000 student and 7,000 childcare slots at quality schools and childcare...
...address racial injustice and persistent poverty in America. In this interview with Philanthropy News Digest (PND), Lisa talks about the initial response to the fund, the impact of COVID-19 on the efforts of CDFIs,...
On November 9 during the 2020 OFN Conference, the Native CDFI Awards honored two Native community development financial institutions (CDFIs) — Cook Inlet Lending Center (CILC) in Alaska and Black Hills Community Loan...
...several different issue areas: Housing and Community Facilities The bill creates the Housing Investment Fund and funds the program at $750 million. Similar to the CDFI Fund’s Capital Magnet Fund (CMF), the proposed Housing...
...Initiative, and $10 million will go to Hope Credit Union in the form of a “Transformational Deposit” to fuel economic opportunity in underserved communities across the Deep South. This announcement from Netflix comes after private equity...
...the entire CDFI industry (1,100 institutions) has $222 billion in total assets. In less than three months, a subset of the CDFI industry (303 CDFIs) made 106,113 PPP loans for a...