Boston Community Capital Awarded $2.6 Million in CDFI Funding from U.S. Treasury Department

Boston, MA, September 25, 2018 --(PR.com)-- Boston Community Capital, a national nonprofit serving low-income communities, received a $1.125 million Financial Assistance (FA) award and a $1.5 million Healthy Food Financing Initiative (HFFI) award from the CDFI Fund of the U.S. Department of the Treasury for projects that help build healthy communities where low-income people live and work.

The Boston-based organization is among 302 CDFIs receiving 2018 U.S. Treasury awards, providing $202.2 million to support economic growth in low-income communities. BCC has received 15 previous CDFI Fund FA and HFFI awards.

“BCC’s mission to promote economic opportunity in low-income communities is more critical than ever,” said BCC CEO Elyse Cherry. "Thanks to the support of the CDFI Fund, we have been able to bring transformative development projects that create jobs along with affordable housing, education and childcare facilities, health care centers, energy resiliency, and healthy food options in distressed communities across the country."

BCC partners with public, private, and civic groups to direct investment dollars into community development initiatives across the nation. To date, it has invested a total of $1.4 billion, and leveraged over $6 billion in support of its mission. Read more about Boston Community Capital’s impact at www.bostoncommunitycapital.org.

The full list of which can be found in the FY 2018 CDFI Program Award Book.