Our latest #GOPCThread is up on Twitter today, as we examine Community Development Financial Institutions, or CDFIs, and their unique role in connecting Ohio’s communities and businesses to critical capital and services.
Not on Twitter, the thread is available online , as well as below.
Greater Ohio Policy Center Read on Twitter
Today’s #GOPCThread explores Community Development Financial Institutions - #CDFIs - and their unique role in connecting Ohio’s communities and businesses to critical capital and services. In the COVID era, they are more important than ever to #SustainingCommunity
#CDFIs are proven “financial first responders.” They are experienced non-profit financial lenders dedicated to supporting small businesses and non-profits and stabilizing communities. #GOPCThread
#CDFIs are chartered to lend throughout Ohio. These markets can be designed to target low-income populations, geographic investment areas, or other communities that have historically lacked access to credit. #GOPCThread
#CDFIs help stabilize Ohio communities by working with small businesses and supporting real estate development. Here are some CDFI projects from around Ohio #GOPCThread
#CDFIs like the Affordable Housing Trust ( #AHT) provide pre-acquisition, construction, and other loans on key affordable housing projects #GOPCThread
. @CinDevFund lending to private developers has been critical in the revitalization of Cincinnati’s Over the Rhine neighborhood #CDFIs #GOPCThread
Toledo’s #CDFI, @TTownLisc, finances senior housing projects, like this one developed by @NatlChurchRes #GOPCThread
#CDFIs @OCCH + #AffordableHousingTrust invested in Scholar House-Columbus, where students w/ young kids live & are supported #GOPCThread
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. @AGCCapital also funds small business development and expansion in Ohio’s 32 Appalachian counties #GOPCThread
#CDFI lending by Village Capital Corporation (aka @CLEProgress) helped rehab a downtown department store into @BRITEpeople, a #businessincubator
#CDFI lending supports high-tech business development in Dayton through @daytontechtown, with patient, risk-tolerant loans from @CityWideDayton #GOPCThread
#CDFIs fund healthcare facility development and delivery like this facility in Columbus’s Franklinton neighborhood operated by @LowerLightsCHC and invested in by @IFFcdfi #GOPCThread
#CDFIs have a significant impact on Ohio’s economy, with over $4.3 Billion in investments leveraged in Ohio neighborhoods in 79 counties across Ohio since 2005 #GOPCThread
#CDFIs are bringing their experience to bear to help Ohio weather the storm of COVID-19, offering PPP lending & technical assistance, forbearance to borrowers, and partnering w/ neighborhood groups to administer funds for small business rescues initiatives.
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To learn more about the #CDFIs in Ohio, check out the Ohio CDFI Network website #GOPCThread
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