Fahe Partners Receive a Total of $305 Million to Revitalize Economic and Community Development

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The Federal Treasury’s Community Development Financial Institution Fund (CDFI Fund) has announced $7 billion in New Market Tax Credit Awards to 120 organizations nationwide.  We are proud to announce that among those recipients are organizations that Fahe has partnered with successfully over the years, including one Member of the Fahe Network.  We are excited because these funds will help them further their mission of creating economic growth and opportunity for the communities they serve.

Hope Enterprise Corporation: $50 Million

The Housing Partnership Network, Inc: $40 Million

Local Initiatives Support Corporation (LISC): $85 Million

Ohio Community Development Finance Fund: $65 Million

People Incorporated Financial Services: $65 Million

Find out more about the announcement on CDFI Fund website: https://www.cdfifund.gov/news-events/Pages/news-detail.aspx?NewsID=234&Category=Press%20Releases

Aaron Phelps
Aaron Phelps
Aaron collects stories from Fahe Members and the people they help in order to present the needs of Appalachia to the public through written word and video. In his free time he nerds it up by playing RPGs, writing fantasy stories, and playing drums.

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