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Statement from CDFI Fund Director Gambrell on 51 Certified CDFIs Receiving Over $104 Million in Small Business Lending Fund Awardshttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=74Statement from CDFI Fund Director Gambrell on 51 Certified CDFIs Receiving Over $104 Million in Small Business Lending Fund Awards<p> <strong>Washington, DC </strong>- U.S. Department of the Treasury today announced the seventh and final wave of funding provided through the Small Business Lending Fund. This includes 51 certified Community Development Financial Institutions (CDFIs) that received an aggregated total of $104,279,000. Treasury released the term sheet and other application materials needed by Community Development Loan Funds to access this lower-cost capital on May 26, 2011. </p><p> Community Development Financial Institutions Fund Director Donna J. Gambrell issued the following statement: </p><p> "The Small Business Lending Fund was created to spur investments in small businesses, a priority of CDFIs across the country. I am proud of the strong performance of certified CDFI Loan Funds under this program, which demonstrates that the basic tenets of operation that CDFIs employ every day – focusing investments in job creation opportunities, encouraging the growth of small businesses, and targeting economic growth where it is most needed – are key to this nation’s economic recovery." </p> <br> <br> <table cellpadding="5" class="ms-rteTable-4"><tbody><tr class="ms-rteTableHeaderRow-4"><th colspan="1" rowspan="1" class="ms-rteTableHeaderEvenCol-4"> Institution Name</th><th colspan="1" rowspan="1" class="ms-rteTableHeaderOddCol-4"> State</th><th colspan="1" rowspan="1" class="ms-rteTableHeaderEvenCol-4"> Amount Funded</th></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">Appalachian Community Enterprises, Inc.</td><td class="ms-rteTableOddCol-4">GA</td><td class="ms-rteTableEvenCol-4">$188,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4">Boston Community Loan Fund</td><td class="ms-rteTableOddCol-4">MA</td><td class="ms-rteTableEvenCol-4">$4,410,000 </td></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">Bridgeway Capital, Inc.</td><td class="ms-rteTableOddCol-4">PA</td><td class="ms-rteTableEvenCol-4">$1,820,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4">Building Hope…A Charter School Facilities Fund </td><td class="ms-rteTableOddCol-4">DC</td><td class="ms-rteTableEvenCol-4">$2,091,000 </td></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">California Coastal Rural Development Corporation</td><td class="ms-rteTableOddCol-4">CA</td><td class="ms-rteTableEvenCol-4">$870,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4">Capital Link Inc.</td><td class="ms-rteTableOddCol-4">MA</td><td class="ms-rteTableEvenCol-4">$198,000 </td></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">CEN-TEX Certified Development Corporation</td><td class="ms-rteTableOddCol-4">TX</td><td class="ms-rteTableEvenCol-4">$489,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4">Charleston Citywide Local Development Corporation</td><td class="ms-rteTableOddCol-4">SC</td><td class="ms-rteTableEvenCol-4">$1,000,000 </td></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">Citizen Potawatomi Community Development Corporation</td><td class="ms-rteTableOddCol-4">OK</td><td class="ms-rteTableEvenCol-4">$490,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4">Coastal Enterprises, Inc.</td><td class="ms-rteTableOddCol-4">ME</td><td class="ms-rteTableEvenCol-4">$2,316,000 </td></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">Colorado Enterprise Fund, Inc.</td><td class="ms-rteTableOddCol-4">CO</td><td class="ms-rteTableEvenCol-4">$463,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4">Community First Fund</td><td class="ms-rteTableOddCol-4">PA</td><td class="ms-rteTableEvenCol-4">$862,000 </td></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">Community Loan Fund of the Capital Region, Inc.</td><td class="ms-rteTableOddCol-4">NY</td><td class="ms-rteTableEvenCol-4">$478,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4">Community Reinvestment Fund, Inc.</td><td class="ms-rteTableOddCol-4">MN</td><td class="ms-rteTableEvenCol-4">$5,100,000 </td></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">Community Ventures Corporation</td><td class="ms-rteTableOddCol-4">KY</td><td class="ms-rteTableEvenCol-4">$1,045,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4">ECDC Enterprise Development Group</td><td class="ms-rteTableOddCol-4">VA</td><td class="ms-rteTableEvenCol-4">$320,000 </td></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">Economic and Community Development Institute, Inc.</td><td class="ms-rteTableOddCol-4">OH</td><td class="ms-rteTableEvenCol-4">$203,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4">Enterprise Community Loan Fund</td><td class="ms-rteTableOddCol-4">MD</td><td class="ms-rteTableEvenCol-4">$8,817,000 </td></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">Federation of Appalachian Housing Enterprises, Inc.</td><td class="ms-rteTableOddCol-4">KY</td><td class="ms-rteTableEvenCol-4">$2,063,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4">Forward Community Investments, Inc.</td><td class="ms-rteTableOddCol-4">WI</td><td class="ms-rteTableEvenCol-4">$470,000 </td></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">Greater New Haven Community Loan Fund, Inc.</td><td class="ms-rteTableOddCol-4">CT</td><td class="ms-rteTableEvenCol-4">$525,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4">IFF</td><td class="ms-rteTableOddCol-4">IL</td><td class="ms-rteTableEvenCol-4">$8,294,000 </td></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">Impact Seven, Inc.</td><td class="ms-rteTableOddCol-4">WI</td><td class="ms-rteTableEvenCol-4">$4,000,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4">La Fuerza Unida Community Development Corporation</td><td class="ms-rteTableOddCol-4">NY</td><td class="ms-rteTableEvenCol-4">$42,000 </td></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">Leviticus 25:23 Alternative Fund, Inc.</td><td class="ms-rteTableOddCol-4">NY</td><td class="ms-rteTableEvenCol-4">$750,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4">Low Income Investment Fund</td><td class="ms-rteTableOddCol-4">CA</td><td class="ms-rteTableEvenCol-4">$7,490,000 </td></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">Lowcountry Housing Trust</td><td class="ms-rteTableOddCol-4">SC</td><td class="ms-rteTableEvenCol-4">$392,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4">Midwest Minnesota Community Development Corporation</td><td class="ms-rteTableOddCol-4">MN</td><td class="ms-rteTableEvenCol-4">$4,600,000 </td></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">Montana Community Development Corporation</td><td class="ms-rteTableOddCol-4">MT</td><td class="ms-rteTableEvenCol-4">$585,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4">Mountain BizCapital</td><td class="ms-rteTableOddCol-4">NC</td><td class="ms-rteTableEvenCol-4">$197,000 </td></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">NCB Capital Impact</td><td class="ms-rteTableOddCol-4">VA</td><td class="ms-rteTableEvenCol-4">$8,218,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4">Nebraska Enterprise Fund</td><td class="ms-rteTableOddCol-4">NE</td><td class="ms-rteTableEvenCol-4">$197,000 </td></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">Nonprofits Assistance Fund</td><td class="ms-rteTableOddCol-4">MN</td><td class="ms-rteTableEvenCol-4">$686,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4">Northeast South Dakota Economic Corporation</td><td class="ms-rteTableOddCol-4">SD</td><td class="ms-rteTableEvenCol-4">$1,000,000 </td></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">Northside Community Development Fund</td><td class="ms-rteTableOddCol-4">PA</td><td class="ms-rteTableEvenCol-4">$250,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4">OBDC Small Business Finance</td><td class="ms-rteTableOddCol-4">CA</td><td class="ms-rteTableEvenCol-4">$219,000 </td></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">Opportunity Fund Northern California</td><td class="ms-rteTableOddCol-4">CA</td><td class="ms-rteTableEvenCol-4">$2,236,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4">Partners for the Common Good, Inc.</td><td class="ms-rteTableOddCol-4">DC</td><td class="ms-rteTableEvenCol-4">$1,009,000 </td></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">PeopleFund</td><td class="ms-rteTableOddCol-4">TX</td><td class="ms-rteTableEvenCol-4">$500,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4">Primary Care Development Corporation</td><td class="ms-rteTableOddCol-4">NY</td><td class="ms-rteTableEvenCol-4">$4,000,000 </td></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">Rural Community Assistance Corporation</td><td class="ms-rteTableOddCol-4">CA</td><td class="ms-rteTableEvenCol-4">$4,300,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4">Rural Electric Economic Development, Inc.</td><td class="ms-rteTableOddCol-4">SD</td><td class="ms-rteTableEvenCol-4">$1,230,000 </td></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">Seedco Financial Services</td><td class="ms-rteTableOddCol-4">NY</td><td class="ms-rteTableEvenCol-4">$2,500,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4">ShoreBank Enterprise Group, Pacific dba Enterprise Cascadia</td><td class="ms-rteTableOddCol-4">WA</td><td class="ms-rteTableEvenCol-4">$1,867,000 </td></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">South Eastern Development Foundation</td><td class="ms-rteTableOddCol-4">SD</td><td class="ms-rteTableEvenCol-4">$240,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4">The Progress Fund</td><td class="ms-rteTableOddCol-4">PA</td><td class="ms-rteTableEvenCol-4">$1,052,000 </td></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">The Reinvestment Fund, Inc.</td><td class="ms-rteTableOddCol-4">PA</td><td class="ms-rteTableEvenCol-4">$11,708,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4">Valley Economic Development Center, Inc.</td><td class="ms-rteTableOddCol-4">CA</td><td class="ms-rteTableEvenCol-4">$661,000 </td></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">Vermont Community Loan Fund, Inc.</td><td class="ms-rteTableOddCol-4">VT</td><td class="ms-rteTableEvenCol-4">$1,247,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4">Western Massachusetts Enterprise Fund, Inc</td><td class="ms-rteTableOddCol-4">MA</td><td class="ms-rteTableEvenCol-4">$200,000 </td></tr><tr class="ms-rteTableOddRow-4"><td class="ms-rteTableEvenCol-4">Wisconsin Women's Business Initiative Corporation</td><td class="ms-rteTableOddCol-4">WI</td><td class="ms-rteTableEvenCol-4">$391,000 </td></tr><tr class="ms-rteTableEvenRow-4"><td class="ms-rteTableEvenCol-4"> Total</td><td class="ms-rteTableOddCol-4"> 51</td><td class="ms-rteTableEvenCol-4"> $104,279,000 </td></tr></tbody></table><p> Click <a target="_blank" href="http://www.treasury.gov/press-center/news/Pages/092811-sblf.aspx">here</a> for more information on today’s announcement by Treasury. </p> <br>2011-09-28T04:00:00ZPress Releases74
CDFI Fund Announces $25 Million in Healthy Food Financing Initiative Awardshttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=73CDFI Fund Announces $25 Million in Healthy Food Financing Initiative Awards<p> <strong>Washington, DC</strong> - Reinforcing the Community Development Financial Institutions Fund’s (CDFI Fund) commitment toward economic development in distressed and low-income communities, Director Donna J. Gambrell announced today $25 million in grants under the fiscal year (FY) 2011 round of the Community Development Financial Institutions Program (CDFI Program) targeted for organizations serving food deserts – low-income neighborhoods with limited access to affordable and nutritious food.The grants, made available as part of the multi-agency Healthy Food Financing Initiative (HFFI), were awarded to 12 Community Development Financial Institutions (CDFIs) focused on developing solutions for increasing access to affordable healthy foods.</p><p> "The awards being provided to CDFIs through this initiative will enable CDFIs to enhance their financing solutions to deliver healthy food options to food deserts nationwide," said Director Gambrell. "The 12 awardees this year have an impressive combination of experience in working in underserved areas and the enthusiasm to expand their expertise to improve the quality of life for residents of low-income communities across the country." </p><p> The HFFI is an interagency initiative involving the U.S. Department of the Treasury, the U.S. Department of Agriculture, and the U.S. Department of Health and Human Services. HFFI represents the federal government's first coordinated step to eliminate "food deserts" by promoting a wide range of interventions that expand the supply of and demand for nutritious foods, including increasing the distribution of agricultural products; developing and equipping grocery stores; and strengthening producer-to-consumer relationships. </p><p> <strong>About the CDFI Fund</strong></p><p>Since its creation in 1994, the CDFI Fund has awarded over $1.3 billion to CDFIs, community development organizations, and financial institutions through the CDFI Program, the Bank Enterprise Awards program, the Native American CDFI Assistance program, the Capital Magnet Fund, and the Financial Education and Counseling Pilot Program. In addition, the CDFI Fund has allocated $29.5 billion in tax credit authority to community development entities through the New Markets Tax Credit Program. </p><p> <strong>2011 Healthy Food Financing Initiative Awards</strong><br></p><ul><li><a target="_blank" href="/Documents/2011%20HFFI%20Award%20List.pdf">2011 Healthy Food Financing Initiative Award List</a></li><li><a target="_blank" href="/Documents/2011%20HFFI%20Highlights.pdf">2011 Healthy Food Financing Initiative Highlights</a></li><li><a target="_blank" href="/Documents/2011%20HFFI%20Profiles.pdf">2011 Healthy Food Financing Initiative Profiles</a></li><li><a target="_blank" href="/Documents/2011-06773%20FY%202011%20Healthy%20Food%20Financing%20Initiative%20Financial%20Assistance%20Awards%20Book.pdf">2011 Healthy Food Financing Initiative Award Booklet</a> </li></ul><p></p><p>For more information on the CDFI Fund and its programs, please visit <a href="http://cdfifund.gov/">www.cdfifund.gov</a>. </p> 2011-09-14T04:00:00ZPress Releases73

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