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Genesis Fund, Inc.
3 Chapman StreetDamariscotta ME, 04543-0609
CDFI Awards for Genesis Fund, Inc.
FA (2008) - $329,590
Genesis Community Loan Fund, Inc (Genesis) is a certified CDFI established in 1991 Genesis provides loans for affordable housing development and community facilities to underserved areas of Maine The Applicant will use its FY08 Financial Assistance award of $240,000 as lending capital Genesis will use its FY08 Technical Assistance grant of $89,590 to hire a new loan officer, build community development finance skills of staff, and purchase new computer equipment
FA (2005) - $275,000
The 2005 FA grant award of $275,000 will enable GCLF to increase its permanent financing for both affordable housing and community facility projects.
FA (2004) - $225,000
The Genesis Fund will use the award to provide multi-family permanent loans to developers. The Applicant is projecting that over 80 affordable housing units will be developed and/or rehabbed.
SECA (2001) - $184,500
The Fund"s financial assistance grant will be used to provide affordable housing to low-income communities. The Fund"s technical assistance grant will be used to acquire consulting services, technology and staff training.
Other Community Development Financial Institutions in Maine
Genesis Fund, Inc.
Damariscotta
MaineStream Finance
Bangor
Western Maine Finance Corporation
South Paris
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