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Northcountry Cooperative Development Fund, Inc.
Minneapolis MNCDFI Awards for Northcountry Cooperative Development Fund, Inc.
FA (2003) - $945,000
NCDF is being awarded $945,000 in financial assistance, which will be used as loan capital and to augment its loan loss reserve. Some of the funds will be used to finance housing share loans (individual mortgages for housing co-op units) and some for blanket mortgages for the development of new affordable housing cooperatives primarily in the Minneapolis-St. Paul area. Approximately 62% of this award will be targeted to Hot Zones.
CORE (2000) - $230,000
The CDFI Fund"s $230,000 equity investment will help the organization carry out its plan to expand its housing and sustainable agriculture lending.
CORE (1999) - $310,000
The CDFI Fund"s $310,000 award ($60,000 equity investment, $200,000 loan, and $50,000 technical assistance grant) will help NCDF continue to expand its lending activity.
CORE (1997) - $185,000
The CDFI Fund equity investment of $185,000 will enable NCDF to increase its small business lending activity and continue to expand a new Initiative in affordable housing in the Minneapolis area.
Other Community Development Financial Institutions in Minnesota
African Development Center
Minneapolis
CAPITAL CITY PROPERTIES
St. Paul
Community Reinvestment Fund, Inc
Minneapolis
Dakota Futures, Inc.
Morton
Development Corporation for Children
Minneapolis
Great Neighborhoods! Development Corp.
Minneapolis
Greater Minnesota Housing Fund
St. Paul
Habitat for Humanity of Minnesota, Inc.
Minneapolis
Indian Land Capital Company
Little Canada
Indian Land Tenure Foundation
Little Canada
Initiative Foundation
Little Falls
Leech Lake Band of Ojibwe
Cass Lake
Midwest Minnesota Community Development Corporation
Detroit Lakes
National New Markets Tax Credit Fund, Inc
Minneapolis
Neighborhood Development Center
St. Paul
Nonprofits Assistance Fund
Minneapolis
Northland Foundation
Duluth
Sparc
Saint Paul
University National Bank
St Paul
WomenVenture
St. Paul
Featured Government Grant Resources
Secondary Market Lending Authority Program
The Small Business Administration has constituted the Secondary Market Lending Authority program, one which aims to provide liquidity for the secondary market, thereby ultimately encouraging new lending opportunities from banks of Small Business Administration guaranteed loans.
Historically Underutilized Business Zones - HUBZone Empowerment Contracting Program
The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.
Social Entrepreneurship
Spotlight
Why People Buy from Social Enterprises?
The Guardian has compiled a list of responses to its latest open thread, and has announced the winner of the social enterprise gift hamper packed with presents.
