June 8, 2020 Stories and Data

June 8, 2020 Stories

Built to Scale: Designing a Business with Scale in Mind

Wheaton,
Maryland

Latino Economic Development Center

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

Bakersfield,
California

Clearinghouse CDFI

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

Catonsville,
Maryland

Baltimore Community Lending

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

Sunnyvale,
California

Housing Trust of Silicon Valley

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!

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June 8, 2020 Fact Sheet

Testimonials

CDFIs create financing that banks won’t do. We have used CDFI funds for mobile home financing on older mobile homes. The portfolio has a 100% success rate with the funds coming back, revolving and helping another family with affordable housing option.

-Pam Moore, HomesFund, Durango, CO

CDFIs are a critical link for many low-income communities and individuals for financing that is not available from conventional sources.

-Craig W stanley, www.cbofinancial.com, Clarksville, MD

CDFIs can provide financial tools tailored to the needs of their communities. As a non-profit CDFI serving low-income rural communities, this is very valuable.

-Marty Miller, Office of Rural and Farmworker Housing (ORFH), Yakima, WA

June 8, 2020 Stories and Data