Austin Scott (R-GA08)

Impact in the District

Between 2005 and 2023, there was $864.5 million in total lending from CDFI Fund award recipients, including $399.2 million in loans to businesses and entrepreneurs, $258 million in housing development and mortgage lending, $53.7 million in consumer lending, $147.2 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
ACE Launches Emergency Disaster Relief Loans for South Georgia Businesses Affected by Hurricane Helene
After the devastation of Hurricane Helene in September 2024, businesses across South Georgia are still facing significant challenges. Power outages, internet disruptions, and infrastructure damage have left many business owners struggling to recover. In response, ACE has launched Emergency Disaster Relief Loans to provide immediate financial assistance to businesses in the region.
Daisy Lee Speight: Still Connecting with Customers after 56 Years
In this fast paced, instant-gratification, automated society we live in, things have gotten very impersonal these days. It’s hard to get personalized attention or a real human voice on the phone with a lot of companies. But if you bank with South Georgia Banking Company, you know when you call there will be a local employee on the other end of the phone. You will never get a remote call center in another community – SGBC prides themselves on connecting with their customers on a local level.
Nature Coatings
CDVCA invested in Nature Coatings to support expansion of its BioBlack pigment, which is produced from wood and paper waste as an alternative to fossil-fuel-derived carbon black. The investment supports manufacturing growth and job creation at the company’s Valdosta operation.
CDFIs with Branches in the District
First Commerce Credit Union
First Commerce Credit Union
First Commerce Credit Union
First Commerce Credit Union
First Commerce Credit Union
FIVE STAR CREDIT UNION
FIVE STAR CREDIT UNION
Interstate Credit Union
Interstate Credit Union
South Georgia Banking Company
South Georgia Banking Company
South Georgia Banking Company
South Georgia Banking Company
South Georgia Banking Company

Map of CDFI Branches and Stories in

Georgia Fact Sheet