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Boston Bank of Commerce
Boston MACDFI Awards for Boston Bank of Commerce
BEA (2008) - $675,000
OneUnited Bank has been selected to receive an award of $675,000 through the FY 2008 round of the Bank Enterprise Award Program for providing affordable housing development loans, commercial real estate loans, home improvement loans and small business loans in distressed communities. OneUnited Bank is a certified CDFI and state-chartered bank with $653 million in assets.
BEA (2007) - $500,000
OneUnited Bank has been selected to receive an award through the FY 2007 round of the Bank Enterprise Award Program for its support of affordable housing development to underserved areas in California, Florida, and Massachusetts. OneUnited Bank is a state chartered bank and certified CDFI with over $653 million in assets.
BEA (2006) - $500,000
OneUnited Bank (aka Boston Bank of Commerce) has been selected to receive an award of $500,000 through the FY 2006 round of the Bank Enterprise Award Program for its support of the community through affordable home mortgages and affordable housing development loans to underserved areas of Boston. OneUnited Bank is a state chartered bank with $518 million in assets.
BEA (2005) - $500,000
One United Bank of Boston, MA received a Bank Enterprise Award grant of $500,000 for increasing its affordable home mortgage lending and its affordable housing development lending by $35 Million in distressed communities. The awardee is a State Chartered bank with total assets of $485 million.
BEA (2004) - $1,500,000
OneUnited Bank received an award of $1.5 million for increasing its financing activities in distressed communities.
BEA (2002) - $330,000
Boston Bank of Commerce of Boston, Massachusetts, received an award of $330,000 for CDFI Support Activities with the following certified CDFIs: Albina Community Bank, Alternatives FCU, Illinois Service Federal Savings and Loan, Memphis First Community Bank, Near East Side Community FCU, New York National Bank, Pan American Bank, Seaway National Bank, Self Help Credit Union, University National Bank.
CORE (1997) - $750,000
The CDFI Fund"s $750,000 equity investment will further enhance the bank"s capital base, thus enabling it to expand it"s community development mission. This includes housing and business lending and financial services targeted at enhancing the quality of life in the African-American communities of Boston.
(0) - $0
Other Community Development Financial Institutions in Massachusetts
ACCION USA
Boston
AI Wainwright LLC
Boston
BCLF Ventures II, LLC
Boston
Institute for Community Economics
Springfield
Jobs for Fall River, Inc.
Fall River
Local Enterprise Assistance Fund
Brookline
MHIC, LLC
Boston
NOAH Community Development Fund, Inc.
East Boston
UECDF Corporation
Roxbury
WCHR Securities, Inc.
Worcester
YouthBuild Loan Fund
Somerville
Featured Government Grant Resources
Small Business Administration's Loan Guarantees Program
The Small Business Administration has established the Loan Guarantees Program wherein they aim to be able to provide guaranteed loans to small business establishments which are not capable of acquiring financing from a private credit marketplace but greatly manifests the ability to repay funds in a timely manner.
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
Calgary Social Enterprise Offers High-Tech Services by People with Autism
Meticulon, a project of Autism Calgary Association in partnership with the federal government and the Sinneave Family Foundation, operates as a social enterprise that renders high-tech services provided by people with autism, leveraging their natural abilities at requiring attention to detail, repetition, and sequencing.
