MN08 Stories and Data

Quick Navigation

MN08 Stories

Ever-Care Orthotics & Prosthetics

Richfield,
Minnesota

African Development Center
Healthcare, Small Business

Hana Hassan worked with the African Development Center to launch Ever-Care Orthotics & Prosthetics after traditional financing options did not meet the needs of her business. The Richfield clinic provides prosthetic and orthotic services and was launched to improve access to specialized care.

Ahmed Family Homeownership

St. Cloud,
Minnesota

African Development Center
Homeownership, Technical Assistance

After taking ADC’s Homestretch homeownership course, Abdirisaq Ahmed learned about budgeting, mortgage financing, down-payment assistance, and avoiding predatory lending. He and his family subsequently qualified for Habitat for Humanity and purchased a home in St. Cloud.

United Family Medicine

Saint Paul,
Minnesota

Community Health Center Capital Fund
Healthcare

United Family Medicine developed the 32,000 sq. ft. Peter J. King Family Health Center in St. Paul to replace an undersized leased facility and expand medical and dental services. The project added 40 exam rooms, community space, expanded hours, and improved access for patients in the West 7th neighborhood.

Thief River Falls Child Care Initiative

Thief River Falls,
Minnesota

First Children’s Finance
Childcare, Rural Development, Technical Assistance

First Children’s Finance partnered with DigiKey and community leaders to analyze childcare demand in Thief River Falls and surrounding Pennington County. The research documented a significant shortage of childcare spaces, helping the major rural employer and local partners plan new childcare solutions.

Load More Stories

Map of MN08 CDFI Branches and Stories

Thank you to our partners at Inclusive and CDBA for sharing data on CDFI Bank and CDFI Credit Union branch locations. In addition, about 100 of our CDFI Stories come from OFN’s story database.

MN08 Investment Map

CDFI Investment Map

Mapped CDFI investment data (2005-2023), via the CDFI Coalition's partnership with CDFI Friendly America.

CDFI Advocacy App

Want more state data? Check out CDFI Friendly America's mobile-friendly CDFI Advocacy App for impacts from 2005-2023.

MN08 Fact Sheet

CDFIs make otherwise impossible projects possible.

George Sutton, Bedrock Holdings LLC, Minneapolis, MN

CDFIs are critical to driving real estate development in underserved communities and during challenging economic times. We have developed more than $100 M in projects using CDFI financing and it is a critical component to the capital stack, as well as important for delivering transformative projects to communities across the country.

JoAnna Hicks, Element Commercial Real Estate, Minneapolis, MN

CDFIS help nonprofit organizations in my community.

Peter Berrie, Faegre Drinker, Minneapolis, MN

I am a real estate broker and development consultant working with emerging developers, small businesses and nonprofits. Many of my clients cannot finance their projects with traditional debt and equity because they don’t come from generational wealth and because their projects are more challenging because they are in markets that are not achieving their full potential yet or meeting critical community needs that don’t produce quite as much profit. CDFI lending has stepped in the gap to solve dozens of critical projects that just need a little boost to get to the finish line, and CDFIs are critical partners to Platform’s work.

Renee Spillum, Platform Commercial Real Estate, SBC, Saint Paul, MN