Several organizations in the Federal Reserve’s Eighth District states are among 73 recipients of federal Community Development Financial Institutions (CDFI) Fund awards.
In August, the CDFI Fund awarded $26,373,900 to organizations across the country that serve economically distressed communities, including:
– Enterprise Corporation of the Delta, Jackson, Miss., $585,000;
– Federation of Appalachian Housing Enterprises, Berea, Ky., $585,000;
– Mountain Association for Community Economic Development, Berea, Ky., $585,000;
– The Illinois Facilities Fund, Chicago, Ill., $585,000;
– Southern Financial Partners, Arkadelphia, Ark., $585,000;
– Dallas/Fort Worth Capital Fund, Jackson, Miss., $100,000; and
– Kentucky Habitat for Humanity, Louisville, Ky., $99,895.
These institutions are certified by the CDFI Fund as community development financial institutions or CDFIs. They provide capital, credit and basic financial products, such as savings and checking accounts; and technical assistance, such as financial education, to community residents and businesses.
For a list or other information regarding these awards, visit the funds website at www.cdfifund.gov.