Grant Funding Gets Nonprofit Projects Under Way
Finance Fund serves mission-driven nonprofit Community Development Corporations (CDC) and Community Action Agencies (CAA) that need seed funding to determine project eligibility or to move their projects forward.
Our grants, credit enhancements and other services are designed to create a better quality of life for people living in economically distressed urban and rural communities. Download our Quick Reference Guide: Core Programs
- Predevelopment Grant: Funding up to $30,000 is available for eligible activities that include feasibility studies, environmental review, legal research, engineering and architectural drawings and site plans, business plans, market studies, zoning and permit fees. Click here for Predevelopment Grant materials.
- Economic Development Grant: These grants provide funding for projects that create long-term private sector jobs to strengthen an area's economic base. Grants up to $150,000 are made primarily for fixed assets such as real estate, machinery, equipment, furniture, fixtures, etc. A portion of the funding may be used for administration. Click here for Economic Development Grant materials.
- Linked Deposit Fund: This program opens the door to affordable financing from local lenders for housing and economic development projects. These low-interest loans enable organizations to make project financing affordable to the lowest income people in their communities. The deposit term is usually shorter than the loan term, which allows for reuse of capital. Click here for Linked Deposit Fund materials.
Our dedicated team would like to learn about your project and can recommend the best approach for achieving your goals. We can also help with business planning advice and bank networking assistance. To get started, please contact: Omar Elhagmusa, at firstname.lastname@example.org.