Government Grants
Business Grants
Home Owner Programs
Federal Programs
About Us
CFBanc Corporation
1432 U Street, NWWashington DC, 20009-3916
CDFI Awards for CFBanc Corporation
FA (2004) - $2,000,000
CFBanc Corporation CFBanc Corporation received an equity investment of $2 million to serve as capital reserves for its multi-family permanent loans, and to provide the capital base the bank needs to open a new branch that will primarily serve low-income residents of Prince Georges County, Maryland. CFBanc Corp projects that 100% of its projected activity will be in Hot Zones, and that by FY 2007 over 966 affordable housing units will be developed or rehabbed.
NMTC (2002) - $73,000,000
CFBanc Corporation is a bank holding company. It will use its NMTC allocation to: 1) make an investment of equity into City First Bank of D.C., which will in turn use these funds to expand its loan products to small businesses, community facilities and real estate developers; and 2) establish a commercial real estate investment fund that will provide flexible financing in the form of equity, senior, or mezzanine debt in urban retail, office, industrial, mixed-use, for-sale housing and community facility projects that do not meet the underwriting parameters of the bank.
CORE (2002) - $2,000,000
The $2,000,000 equity investment from the CDFI Fund along with the match will allow financing of affordable housing development and rehabilitation in distressed neighborhoods across Washington, and increase its provision of low-cost basic banking services to residents of Columbia Heights (the transitional neighborhood in which the awardees only bank is located).
SECA (2001) - $135,000
CF Banc Corporation will use the TA award to help develop a community development venture investment fund and for support of a loan production office in economically distressed southeast Washington, DC.
Other Community Development Financial Institutions in District of Col
Banc of America CDE, LLC
Washington
CFBanc Corporation
Washington
City First New Markets Fund II, LLC
Washington
Consortium America, LLC
Washington
Cornerstone, Inc.
Washington
CSDC New Markets Fund, LLC
Washington
DC Housing Enterprises
Washington
Faithworks
Washington
FINCA USA, Inc.
Washington
Home Depot New Markets Corp., Inc.
Washington
Housing Assistance Council
Washington
National Fund for Enterprise Development
Washington
NT CDFI, Inc.
Washington
Partners for the Common Good
Washington
Telesis CDE Corporation
Washington
Washington Area Housing Trust Fund
Washington
Featured Government Grant Resources
Small Business Administration's Recovery Capital Loans
The Recovery Capital Loans Program provides financial assistance to small business with less than 500 employees to obtain a deferred payment loan from the agency, in order to meet existing debt payments, thereby giving the business the opportunity to refocus their business strategy.
Small Business Administration's Small Business Investment Companies
The Small Business Investment Companies Program revolves around the notion of developing privately owned and managed investment companies which will be licenses and regulated by the Small Business Administration, so as to provide equity capital, long term loans, and advisory services to small business requiring such services.
Social Entrepreneurship
Spotlight
Building a Million Dollar Company Where Everyone Counts
Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.
