Southbank Partners, Inc.

Newport KY


The Southbank Fund was incorporated in May of 2000 as a subsidiary of Southbank Partners, Inc., a non-profit organization dedicated to the social and economic revitalization of distressed communities in Northern Kentucky. The Southbank Fund, when capitalized, will offer single -family home rehabilitation loans, loans for the purchase and rehabilitation of multifamily and mixed-use properties, bridge loans to for-profit and nonprofit developers, and microenterprise/small business financing.

CDFI Awards for Southbank Partners, Inc.


SECA (2000) - $48,000

The Southbank Fund will use its Technical Assistance Award to: 1) develop a market feasibility analysis for specific products and how they should be structured; 2) develop internal policies and guidelines for lending; 3) develop a strategy for securing capital and grant support; 4) provide training to staff and Board members; and 5) purchase computer equipment and loan processing software. The Southbank Fund anticipates that it will become a certified CDFI by December of 2000.



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Community Development Financial Institutions

Community Development Financial Institutions are basically financial institutions who possess the ability to provide credit and financial services to underserved industries and communities.




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