October 6, 2017 Stories and Data

October 6, 2017 Stories

Built to Scale: Designing a Business with Scale in Mind
Empowered Women International is a program under the Latino Economic Development Center that unlocks the potential of women through the power of entrepreneurship.
St. John Manor
Clearinghouse CDFI (CCDFI) provided a $4,097,478 loan to St. John Village, LP to support the refinancing efforts of St. John Manor, an affordable independent living property for senior citizens in Bakersfield, CA.
Catonsville CO-OP brings together food, community, and local businesses
In the summer of 2011, a few Catonsville residents met at the local library. They shared a passion for supporting local businesses and wanted to bring those products into their community. Eleven years later, that idea has blossomed into the Catonsville Cooperative (CO-OP) Market and Grocery, a market and community hub owned and operated by owner members of the community.
A Grand Opening Like No Other
A brand new, 90-unit affordable housing community near downtown Sunnyvale, has opened the doors to its first residents and officially celebrated with a Grand Opening like no other!

October 6, 2017 Fact Sheet

CDFIs fill a vital need in Michigan by supporting community and economic development in under-served areas. Continuing to fund CDFIs will allow them to provide financial support for communities that would otherwise be left behind.

-Charlotte J. Smith, Community Economic Development Association of Michigan, Lansing, MI

CDFIs help people with the big repairs, supporting jobs, and financing vehicles to get to work and shopping. These are all good for the economy as well for those individual families.

-Heather Engelman, Cooperative Federal, Syracuse, NY

CDFIs provide extraordinary support to many people who otherwise would not be able to access ordinary banking and credit opportunities. They are frequently located in banking deserts”

-Sam Eschenbrenner, Syracuse Cooperative Federal Credit Union, Syracuse, NY

Map of October 6, 2017 CDFI Branches and Stories