Steve Cohen (D-TN09)

  • Appropriations Staffer: Reisha Buster
  • reisha.buster@mail.house.gov
  • DC Phone: 202-225-3265
  • Last updated: 02/25/2026

Impact in the District

Between 2005 and 2023, there was $1.7 billion in total lending from CDFI Fund award recipients, including $525.1 million in loans to businesses and entrepreneurs, $466.4 million in housing development and mortgage lending, $185.8 million in consumer lending, $509.7 million in lending to commercial real estate and community facilities, with the balance going to other activities. For more impact data, check out the CDFI Advocacy App over at CDFI Friendly America.

Stories from the District
$1 million on the street:’ With UofM grant, River City Capital helps businesses in underserved areas
  • Memphis,
  • Tennessee
  • River City Capital Investment Corporation
Franklin is one of many Memphis business owners who have received a loan from RCC, the local Community Development Financial Institution (CDFI) that’s an affiliate of Community Lift and certified by the U.S. Department of Treasury. Founded in 2011, RCC focuses on providing low-interest loans to businesses in underserved neighborhoods throughout the Mid-South — its average loan size is about $50,000. And the organization has made some recent moves to further fuel its growth.
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Citizens Bank & Trust: The Institution School of Cosmetology
  • Memphis,
  • Tennessee
  • Citizens Bank and Trust
With the help of Citizens Bank & Trust, an entrepreneur's school of cosmetology and barbery has grown into a thriving business in Memphis, Tennessee.
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Court Square Center
  • Memphis,
  • Tennessee
  • Enterprise Community Loan Fund, Grow America Fund
Court Square Center involved the renovation of two historically-significant buildings and the construction of the green, LEED gold certified “Court Annex 2” building to create an urban center that offers 74 live/work units, 40,500 sq. ft. of commercial space and 44 on-site parking spaces. The project has served to reduce blight, spur local investment and improve conditions in the central business district. Commercial tenants include the Plough Foundation, The New Consortium of Law and Business, Servicemasters and a law office. The New Consortium of Law and Business is a charter school for students who test at high-levels in math and business.
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Dr. Tonya Lyons
  • Memphis,
  • Tennessee
  • Southern Bancorp Bank
Southern Bank Borrower Stories
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Entrac Medical
  • Memphis,
  • Tennessee
  • Three Roots Capital
Entac Medical is a digital health company based in Memphis, developing wearable devices that use acoustic signals and predictive analytics to detect adverse conditions in patients. The company is built on technology licensed from the University of Tennessee. Three Roots Capital has supported Entac with multiple investments, most recently in February 2025.
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On The Road To Success – Memphis Tire Recyclers
  • Cordova,
  • Tennessee
  • Pathway Lending
Duo David Burgess and Corteney Mack opened Memphis Tire Recyclers to offer a solution to an environmental concern in Memphis, Tennessee.
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CDFIs with Branches in the District
Citizens Savings Bank and Trust Company
  • Memphis Branch
  • , Memphis
Commercial Bank and Trust Company
  • Memphis Branch 2
  • , Memphis
Guaranty Bank and Trust Company
  • Cordova Branch
  • , Cordova
Guaranty Bank and Trust Company
  • Memphis Branch
  • , Memphis
Hope Enterprise Corporation
  • Crosstown
  • , Memphis
Hope Enterprise Corporation
  • Harvester Lane
  • , Memphis
Hope Enterprise Corporation
  • Madison Ave
  • , Memphis
Hope Enterprise Corporation
  • Ridgeway Rd
  • , Memphis
Insouth Bank
  • Covington Branch
  • , Covington
Insouth Bank
  • Millington Branch
  • , Millington
Leaders Credit Union
  • Bartlett Branch
  • , Bartlett
Liberty Bank and Trust Company
  • Memphis Branch
  • , Memphis
Memphis City Employees Credit Union
  • Avery
  • , Memphis
Memphis City Employees Credit Union
  • Mt. Moriah
  • , Memphis
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Map of CDFI Branches and Stories in

Tennessee Fact Sheet

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