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 funding is intended to support the organization's efforts to deliver financial services, loans, investments, and technical assistance to underserved and low-income communities across the United States. Specifically, the grant will enable Ohio Capital Finance Corporation to...
The Ohio Community Development Finance Fund Corp received a $4,957,678 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to expand lending, grant making, and investment activities supporting underserved communities disproportionately impacted by the COVID-19 pandemic. Through December 2028, the non-profit community development financial institution will use the funding to provide $5 million in financing to small...
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...
The Ohio Capital Finance Corporation was awarded a $625,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Program. The grant aims to promote economic revitalization and community development through financial assistance to certified Community Development Financial Institutions for lending and services in eligible markets and target populations as defined by program regulations. Funds...
This $8,000,000 Project Grant was awarded on October 23, 2024 by the Community Development Financial Institutions (CDFI) Fund, a program within the U.S. Department of the Treasury, under the Capital Magnet Fund (CFDA 21.011) federal grant program. The grant will be used by the non-profit awardee, Ohio Capital Finance Corporation, to finance affordable housing solutions and community revitalization efforts that benefit low-income individuals, families, and communities nationwide. Specifically,...
The Ohio Capital Finance Corporation was awarded a $24 million Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Capital Magnet Fund program. The grant will support the Corporation in attracting private investment to finance affordable housing and related economic development activities that benefit low-income individuals and families through June 2025. As outlined in the award, the Capital Magnet Fund provides competitively awarded...
The Community Development Financial Institutions Fund (CDFI Fund) within the Department of the Treasury awarded Community Housing Capital, Inc. a $4,957,678 project grant under the CDFI Equitable Recovery Program (CDFI ERP, CFDA #21.033). Through this award, Community Housing Capital will expand lending, grantmaking, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Specifically, the organization will provide $4.9M in...
The Cincinnati Development Fund received a $3.72 million project grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to provide lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. The award, issued on April 10, 2023, will support the organization's efforts to expand access to capital for underserved borrowers through March 31, 2029....
Finance Fund Capital Corp received a $1.8 million project grant award from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program (CDFI RRP) on June 15, 2021. The grant funding will support Finance Fund Capital Corp's ability to provide financial products and services that prepare for and respond to the economic impacts of the coronavirus pandemic through December 31, 2023. Specifically, as a Community Development Financial Institution, Finance...
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...