Mark Your Calendar for the 2023 CDFA Virtual Summer School!
Join us August 7-15 for a series of courses presented by the CDFA Training Institute. CDFA Virtual Summer School will offer five different training courses, all held online. Learn from our expert practitioners and experience CDFA's most interactive educational event of the year – all from the comfort of your home or office! All CDFA Virtual Summer School courses qualify for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program.
Philadelphia, PA Nonprofit to Help Small Businesses Buy Property
The Enterprise Center, a Philadelphia-based nonprofit organization that helps promote small business development, has a new $500,000 revolving loan pool for minority-owned companies. The goal is to increase building ownership along commercial corridors — which enables small businesses to build equity instead of renting, and helps stabilize neighborhoods. The short-term loans will cover up to 75% of business expenses related to due diligence, which includes things like attorney fees, closing costs, or even building appraisals.
CDFA to Build Greenhouse Gas Reduction Fund Coalition
CDFA is building a national coalition to apply for the Greenhouse Gas Reduction Fund's Clean Communities Investment Accelerator and hosted an informational briefing on how it's building that coalition. Join today!
$4.6M Announced for Cleanup, Technical Assistance at Polluted Brownfield Sites in Ohio
The U.S. Environmental Protection Agency (EPA) recently announced more than $4.6 million from President Biden's Investing in America Agenda to expedite the assessment and cleanup of brownfield sites in Ohio while advancing environmental justice. EPA selected eight communities in Ohio to receive eight grants totaling more than $4.6 million in competitive EPA Brownfields funding through the Multipurpose, Assessment, Revolving Loan Fund, and Cleanup (MARC) Grant programs.
Learn About Equitable Underwriting Strategies with CDFA and Lendistry
Join the CDFA Equitable Lending Learning Series on Tuesday, July 25 for a discussion on how lenders are developing and implementing new underwriting policies to help reach more borrowers and strengthen their financial health over time. The event will also include program examples of loan funds using alternative underwriting approaches to improve access to capital among underserved borrowers.
Spartanburg, SC Launches $10M Loan Program for Small and Minority-Owned Businesses
OneSpartanburg Inc. announced it has launched Power Up: Funding, a program funded by Spartanburg County Council that provides small and minority businesses with access to capital through exclusive loan and grant offerings. Created through strategic partnerships with Carolina Foothills Federal Credit Union, the CLIMB Fund, and the National Development Council, the program includes a $10 million loan pool and $665,000 in grant funds.
Arkansas Cities to Receive $700M in Loans for Water, Sewer Projects
The cities of Decatur and Highfill were among the recipients of loan funding from the Arkansas Department of Agriculture's Natural Resources Commission (ANRC). The ANRC approved $702,318,258 in funding for 122 water and wastewater projects serving more than 1,253,000 Arkansans, the largest allocation of funds awarded for water and wastewater in the state of Arkansas to date.
Wisconsin Gov. Evers Signs Bipartisan Package of Affordable Housing Legislation
Gov. Tony Evers recently signed five bipartisan bills to help expand access to safe, affordable housing for working families through revolving loan funds. This includes RLFs for residential housing infrastructure, main street housing rehabilitation, workforce housing, and commercial-to-residential conversion projects.
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