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Seedco
915 Broadway, Suite 1703New York NY, 10010
CDFI Awards for Seedco
FA (2004) - $1,168,771
SEEDCO will use the award to expand its economic development lending activities into Hot Zones and Investment Areas in Memphis, Tennessee under its Memphis Neighborhood Economy Initiative. The Memphis NEI is designed to fill a critical capital gap for small business loans in two targeted Investment Areas in Memphis that have a large Hot Zone concentrations. The loan fund would compliment SEEDCO"s current New Marekts Tax Credit investment activities in Memphis.
FA (2003) - $1,325,000
The Fund"s $1,325,000 award will be used to capitalize a targeted loan fund in support of the Alabama Community Preservation and Development Program, a new initiative started by Seedco in 2002. The new loan fund will provide financing to community development corporations to develop new affordable homeownership in Alabama"s urban and rural Hot Zones; to support its anti-predatory lending initiative; and support emerging minority entrepreneurs in rural Alabama that have little access to outside credit. Approximately 61% of this award will be targeted to Hot Zones.
CORE (2002) - $785,000
A grant from the CDFI Fund of $750,000 and technical Assistance of $35,000, will assist SEEDCO in continuing its loans and technical assistance to non-profits that serve low-income people in New York.
SECA (2000) - $60,000
The profile for this award is not currently available.
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Progressive Neighborhood FCU
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