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Boston Community Loan Fund
56 Warren StreetBoston MA, 02119-3236
CDFI Awards for Boston Community Loan Fund
FA (2005) - $1,398,750
BCLF will use the $1,398,750 financial assistance award to support over $100 million in early-stage financing.
CORE (2002) - $1,000,000
The CDFI Fund"s $1,000,000 grant to BCLF will leverage a significant amount of private sector resources to finance the preservation and creation of affordable housing in a high-cost market.
CORE (1999) - $2,000,000
The CDFI Fund"s $1,000,000 equity-like loan will enable BCLF to expand the types of loan products it provides, expand to new types of borrowers, expand its capital base and lending volume, and commit larger and longer term loans.
CORE (1997) - $1,000,000
The CDFI Fund"s $435,000 grant and $565,000 equity investment will enable BCLF Ventures, Inc. d/b/a Boston Community Venture Fund make venture capital investments in emerging businesses that will provide employment opportunities for low income residents of the Boston area. Boston Community Capital, Inc. also provides loans for housing development, community facilities and working capital for human service organizations.
CORE (1996) - $1,000,000
BCLF, which has $6.8 million in assets, will receive $1 million in support from the CDFI Fund. With it"s strong 11 year track record and these new financial resources, BCLF will increase its financial support for a range of affordable housing needs and improvements to community facilities. Through its increased lending capacity and technical support to community development corporation borrowers, BCLF will play an increasingly important role as a leader in providing capital in distressed communities of Massachusetts.
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.
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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