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Community Funding Group
Seattle WACDFI Awards for Community Funding Group
NMTC (2008) - $30,000,000
Community Funding Group (CFG) will use its NMTC allocation to finance non-profit agencies that focus on homeless (and those at risk of homelessness), underserved youth, job training, and hunger relief. With its NMTC allocation, CFG will be able to offer loans on more favorable terms and interest rates than are normally available to its borrowers, including subordinated debt, below market interest rates, reduced origination fees and longer loan amortization periods. To the extent CFG"s annual fees exceed expenses, it will donate the surplus to nonprofit human services agencies in low-income communities.
Other Community Development Financial Institutions in Washington
City of Everett CDE LLC
Everett
Community Funding Group
Seattle
Express Credit Union
Seattle
HomeSight
Seattle
Kitsap County NMTC Facilitators I, LLC
Silverdale
Lummi Commercial Company
Bellingham
Neighborhood Assets
Spokane
Quinault Indian Nation
Taholah
The Pathfinder Fund, LLC
Yacolt
The Union Credit Union
Spokane
Featured Government Grant Resources
Historically Underutilized Business Zones - HUBZone Empowerment Contracting Program
The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.
Small Business Administration's Loan Guarantees Program
The Small Business Administration has established the Loan Guarantees Program wherein they aim to be able to provide guaranteed loans to small business establishments which are not capable of acquiring financing from a private credit marketplace but greatly manifests the ability to repay funds in a timely manner.
Social Entrepreneurship
Spotlight
New Vineyard Philanthropy Group Supports Island Youth
MVYouth, a newly formed Vineyard philanthropy group with a mission to support Island youth, will pledge $4 million over the next four years to a diverse set of youth causes.
