CDFI Fund Awards NFF $925,000 to Invest in Nonprofits
NFF has been awarded $925,000 by the US Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund.
NFF will invest its $925,000 award in Memphis charter schools ($700,000) and in nonprofits that serve people with disabilities ($225,000). Click here to read more about how NFF puts capital to work for greater social impact.
“We are honored and grateful to be entrusted with this award,” said Norah McVeigh, NFF Managing Director, Financing, “and look forward to quickly putting this capital to work for social good.”
Contact firstname.lastname@example.org if you work with or know of a Memphis-based charter school or disabilities-focused nonprofit that might need funding for facilities or working capital.
The FY2018 CDFI Program Awards announced Sept. 19 designate $165 million to 264 CDFIs to increase their lending and investment activity in low-income and economically distressed communities across the country. The awardees are based in 45 states, the District of Columbia, and Puerto Rico.
Click here to learn more about the CDFI Fund.