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CDFI Fund announces $165 million in awards, includes 4 VC funds
The CDFI Fund awarded $165 million in financial and technical assistance awards to 264 organizations yesterday. The awards include funding to SSTI member Launch NY and to three other groups certified by the CDFI Fund as community venture capital funds, out of applications from 432 organizations around the country. Yesterday’s announcement included an additional $37 million for organizations supporting financing for Native Americans, individuals with disabilities, and healthy food initiatives. Financial support from the fund requires community development financial institution (CDFI) certification; learn more at cdfifund.gov.