The Initiative s goal is to increase access to capital for affordable housing, business lending and community facilities in the chronically underserved and undercapitalized U.S./Mexico border region.
Specifically, it will provide direct investment and technical assistance to community development
lending and investing institutions that focus on affordable housing, small business and community facilities to benefit the residents of colonias.
Funds may be used to support eligible activities that serve the following objectives:
ÃƒÂ¢Ã¢â€šÂ¬Ã‚Â¢ Expanding services in eligible colonias target markets (see below) by established lenders and investors in affordable housing, small business, and community facilities, and/or
ÃƒÂ¢Ã¢â€šÂ¬Ã‚Â¢ Securing new public or private capital sources for lending or investing in affordable housing, small business and community facilities in existing or new eligible target markets.