The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $800,000 Project Grant to the Ohio Capital Finance Corporation, a nonprofit CDFI based in Columbus, Ohio. The grant, which runs from September 26, 2024 to December 31, 2027, is designed to invest in and build the capacity of CDFIs, empowering them to grow, achieve organizational sustainability, and drive community revitalization. Through this funding, the Ohio Capital Finance Corporation...
The Ohio Capital Finance Corporation was awarded a $1.8 million Project Grant from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program on June 15, 2021. The grant funding will support Ohio Capital Finance Corporation's ability to respond to the economic impacts of the coronavirus pandemic through the program completion date of December 31, 2023. As the name implies, the Community Development Financial Institutions Rapid Response Program was...
This $1,350,000 Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program, CFDA 21.020, aims to invest in and build the capacity of the Economic and Community Development Institute, Inc. (ECDI), a certified CDFI located in Columbus, Ohio. The funding will enable ECDI to deliver entrepreneurial and economic development services to underserved populations, including women-owned, minority-owned, and low-income small businesses. Key...
The Department of the Treasury's Community Development Financial Institutions Fund awarded $1,217,900 under the Community Development Financial Institutions Program (CFDA 21.020) to Finance Fund Capital Corp. This Project Grant will support the CDFI Program's goal of promoting economic revitalization and community development through February 2023 to December 2026. The CDFI Program uses monetary awards and training opportunities to build the capacity of certified Community Development...
The Cincinnati Development Fund received a $525,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Program (CDFI Program, CFDA 21.020). The grant funding will support the Cincinnati Development Fund's provision of financial products, financial services, development services, loan loss reserves, and capital reserves to eligible markets and target populations as defined in 12...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $16,000,000 Capital Magnet Fund (CFDA 21.011) project grant to the Ohio Capital Finance Corporation on October 15, 2024. The purpose of this grant is to attract financing and increase investment in affordable housing for primarily low-income, very low-income, and extremely low-income individuals and families, as well as support related economic and community development activities. Through...
This $500,000 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support the Economic & Community Development Institute Inc. in providing financial products, financial services, development services, loan loss reserves, and capital reserves to benefit low-income individuals and communities that lack access to affordable financial options. The Community Development Financial Institutions Program aims to promote economic...
This $590,000 project grant from the Department of the Treasury's Community Development Financial Institutions Fund will support Columbus Housing Initiative Inc., doing business as NeighborWorks Columbus, in promoting economic revitalization and community development. As part of the Community Development Financial Institutions Program, the non-profit organization will use the funding for financial products, services, development services, loan loss reserves, and capital reserves to build its...
The Community Development Financial Institutions Fund within the Department of the Treasury awarded Community Health Center Capital Fund Inc. a $491,386 Project Grant under the Community Development Financial Institutions Program. This grant aims to promote economic revitalization and community development through investment in and assistance to certified Community Development Financial Institutions. Funds will support financial products, services, development services, loan loss reserves, and...
This $525,000 project grant from the Department of the Treasury's Community Development Financial Institutions Fund will promote economic revitalization and community development through investment in and assistance to Community Investment Corp, a certified Community Development Financial Institution (CDFI). As part of the Community Development Financial Institutions Program (CFDA 21.020), the financial assistance must be used for financial products, financial services, development services,...