Focusing on the Double Bottom Line
The following are some examples of CDFI success stories—true tales of opportunities created and ambitions realized in economically distressed areas through the hard work and commitment of community development financial institutions. These tales are by no means unique; they represent only a handful of thousands of similar stories being told in low-income communities across America.
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Wyona Lake Apartments : Affordable housing project makes big impact in close-knit Wisconsin community... Focus on a CDFI: PEPP Microbusiness & Housing Development Corporation (PMHDC) : CDFI serving low-income people in rural Arizona... Credit Union collaboration: Credit Unions from across the country come together to start new branch in underserved area of California... Jagged Edge Mountain Gear, Inc (Utah) : From homelessness to successful microentrepreneur with the help of a microenterprise loan fund that was really overpaid.... Athlete's Foot Shoe Store : Revitalizing the Anacostia neighborhood of Washington, DC with the help of the East of the River Community Development Corporation.... CLM Contracting, Inc. and 1296 Pacific St. Development, Inc. : Developing apartments for the homeless in New York with financing from a community development bank.... Cow Bay Construction (New York): Turning an empty lot into a day care center in partnership with a local CDFI.... Focus on a CDFI: Enterprise Coporation of the Delta (ECD) : A business development organization located in Jackson, Mississippi..... Hazelbaker Recreational Services : A small business in Pennsylvania made possible by a community development loan fund.... Hollifield Scrap Metal : Filling a community need in North Carolina with help from a microenterprise loan fund.... The Maldonado Family (North Carolina): Their dreams of owning a home were realized with the help of the Self-Help community development credit union.... Focus on a CDFI: The Nonprofit Finance Fund (NFF) : A community development loan fund headquartered in New York, NY that established a special fund to help non-profits in the wake of 9/11.... Focus on a CDFI: Quitman Tri-County Federal Credit Union : A community development credit union in Marks, Mississippi.... Serna Enterprises : A Native American business that expanded with financing from the Colorado Enterprise Fund.... Sha-Dee's Kountry Kettle : Serving "down-home" cooking to Maryland's Eastern Shore.... Focus on a CDFI: ShoreBank : America's largest community development bank headquartered in Chicago, Illinois.... SpringBoard Technologies : A minority-owned computer company in Massachusetts bringing employment opportunities to the inner-city with help from a community development venture capital fund.... Top Notch Construction Company : A minority-owned construction company rehabilitating HUD homes in Chicago that was established with the help of microenterprise loan fund technical and financial assistance.... Women In Need, Inc. (WIN) : A New-York based non-profit organization serving homeless and underpriviledged women and their children, WIN is partly funded by a local CDFI, Community Capital Bank.... |
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