Expanding opportunities in America’s cities
Kresge Community Finance An initiative to invest $30 million through a standard loan offering to Community Development Finance Institutions (CDFIs) and Development Finance Agencies (DFAs)
KCF Goals
Invest $30 million in CDFIs and DFAs
Make $1.5 million in equity grants
Provide staff learning opportunities
Use efficient processes and a standardized product
KCF Investees

The 14 organizations selected, 11 CDFIs and three DFAs, are working to advance equitable access to capital in neighborhoods across the country, particularly those populated by people of color with low-income and low community wealth. Each one strategically aligns with one of Kresge's program areas or the American Cities Practice. 

Forward Community Investments
$1 million to Forward Community Investments for Healthy Equitable Communities in the most disinvested neighborhoods of Milwaukee
National Housing Trust Community Development Fund
$2.5 million to National Housing Trust for the East of the River Opportunity Fund to create and preserve energy-efficient affordable housing in Wards 7 & 8 of Washington, D.C.
The Federation
$1 million to the National Federation for Community Development Credit Unions to support CUs transitioning to CU Impact, a community-impact-focused processing system
Nonprofit Finance Fund
$3 million to Nonprofit Finance Fund to support the AIM Healthy™ fund and unlock new payers and new relationships at the intersection of Health & Human Services in California.
EDGE for Memphis & Shelby County
$1 million to EDGE for Memphis and Shelby County for Memphis Creative Corridors
Self Help Ventures Fund
$3 million to Self-Help Ventures Fund to support community-led and sustainable food systems nationally with a special focus on Illinois and North Carolina
Saint Paul Port Authority
$3 million to Saint Paul Port Authority to finance energy-efficiency and renewable-energy projects in low-income communities in Minneapolis-St. Paul
Council for Native Hawaiian Advancement
$500,000 to Council for Native Hawaiian Advancement to expand opportunities for Native Hawaiians and the organizations that serve them
Boston Community Loan Fund
$3 million to support its collaboration with Mass Development, Massachusetts’ economic development and finance authority, and the Working Cities Challenge to finance mixed-use projects in cities
Reinvestment Fund, Inc.
$3 million support a creative placemaking strategy tied to large-scale community development efforts, including light rail expansion and arts and education campuses, in Baltimore, Atlanta and New Orleans.
Enterprise Community Loan Fund
$3 million to support equitable and inclusive revitalization efforts in Detroit's Jefferson-Chalmers neighborhood
Connecticut Green Bank
$3 million for the installation of solar generation and storage systems in affordable housing and other community facilities in Connecticut’s urban and coastal communities
Capital Impact Partners
$2 million to support its partnership with the Memphis Medical District Collaborative to finance and promote community development, residential density and walkability
Cooperative Fund of New England
$1 million to finance projects that create healthy places by supporting affordable housing and healthy food retail in southern New England.
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