$1 million on the street:’ With UofM grant, River City Capital helps businesses in underserved areas

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.

Ron Brooks: Uplifting Local Businesses with River City Capital

As River City Capital’s President, Ron Brooks is passionate about maximizing the potential of all community members by providing sustainable access to resources. On Just Bluffin’, we talked about River City Capital’s work, Ron’s professional journey, and the impact of investing in community development.

Rochdale Capital Provides Financing for Affordable Housing in Lewiston, Maine

Rochdale Capital, a community development loan fund whose mission is to promote cooperative and community ownership; advance equity, diversity, and inclusion; and provide capital access in under-resourced communities, recently closed a $350,000 loan to refinance 160 Pine Street, a 10-unit affordable multifamily building in Lewiston, Maine.

Rochdale Capital Provides Financing for University of Minnesota Student Housing Co-op

Rochdale Capital, a community development loan fund whose mission is to promote cooperative and community ownership; advance equity, diversity, and inclusion; and provide capital access in under-resourced communities, recently closed a $265,000 loan participation to finance capital repairs for The Students’ Co-op, Inc, a 32-bed affordable student housing co-op on the campus of the University of Minnesota.

Rochdale Capital Provides Working Capital Loan to TXI/INT Logistics

Rochdale Capital, a community development loan fund whose mission is to promote cooperative and community ownership; advance equity, diversity, and inclusion; and provide capital access in under-resourced communities, recently closed a $50,000 working capital term loan to TXI/INT Logistics.

Rochdale Capital Provides Working Capital Loan to Breaker Brothers

Rochdale Capital, a community development loan fund whose mission is to promote cooperative and community ownership; advance equity, diversity, and inclusion; and provide capital access in under-resourced communities, recently closed a $25,000 working capital term loan to Breaker Brothers.