Community Ventures Corporation, Inc.

Community Ventures Corporation, Inc., a tax-exempt nonprofit community development corporation headquartered in Lexington, Kentucky, operates as a certified Community Development Financial Institution (CDFI) receiving federal grant funding from the Small Business Administration, the Department of Agriculture, the Department of the Treasury, the Department of Health and Human Services, and the Appalachian Regional Commission. The organization does not hold federal contracts or contract vehicles; it serves exclusively as a prime recipient on federal grants and as a sub-recipient on housing partnership grants, delivering microfinance, small-business technical assistance, and affordable housing programs to low-income entrepreneurs and households in Kentucky and surrounding states.

Community Ventures' grant portfolio spans microenterprise lending, entrepreneurial training, housing finance and counseling, and rural economic development. Representative prime grants include a $1.383 million SBA Microloan Program award (CFDA 59.046, July 2022–June 2023) for pre- and post-loan technical assistance to microentrepreneurs; a $10 million Department of Agriculture Meat and Poultry Intermediary Lending Program award (CFDA 10.382, March 2023–March 2025) to facilitate financing for meat and poultry processors in Kentucky; a $800 thousand HHS Community Services Block Grant (CFDA 93.570, September 2023–September 2026) establishing a Coal Community Investment Revolving Loan Fund for business lending and housing assistance in high-poverty areas; and a $1.6 million HHS Community Services Block Grant (CFDA 93.570, September 2022–September 2025) supporting the Community Ventures Equity Boost Social Impact Fund for social enterprises. In its sub-recipient capacity, Community Ventures has received HOME Investment Partnerships Program sub-awards for scattered-site affordable housing acquisition, rehabilitation, and resale (four sub-awards from 2024–2026, each requesting $400 thousand to $500 thousand) and serves as a HUD-approved housing counseling agency under the NeighborWorks America sub-grantee structure.

Customer concentration clusters around three primary federal funding sources. The Department of Agriculture Rural Housing Service and Rural Business Cooperative Services (combined as one agency line in the source) and the Department of the Treasury Community Development Financial Institutions Fund each account for 17 awards; the Small Business Administration—spanning the Office of Capital Access, Office of Entrepreneurial Development, and central SBA offices—accounts for 28 awards across multiple programs. These five customer segments collectively represent 71 percent of the organization's recent award count. Community Ventures has worked with 18 distinct federal agencies across its 87-award footprint.

Recent activity shows modest annual volume: nine awards in 2022, declining to three in 2025 and four in 2026, with six awards facing ultimate completion within the next twenty-four months. The organization's 93 percent prime-recipient posture reflects its direct eligibility for federal grants as a certified CDFI, community development corporation, and HUD-approved housing counseling provider, with sub-award participation limited to HUD housing partnerships where it delivers on behalf of state housing agencies and the Neighborhood Reinvestment Corporation. Combined dollars obligated across all awards total $73.1 million, concentrated in SBA Microloan Program grants, USDA rural development lending, HHS community services funding, and Treasury CDFI capacity-building awards. The portfolio skews toward project grants with one- to three-year performance periods; no grant vehicles, standing IDIQs, or recurring master agreements appear in the source.