Treasury Guarantees $327 Million in Bond Funding for Projects in Low-Income Communities

CDFI Fund
Tuesday, September 29, 2015

The CDFI Fund has announced that nine additional bond loans, totaling $327 million, were guaranteed in FY 2015, bringing the total guaranteed through the CDFI Bond Guarantee Program to $852 million. All of the bond proceeds will provide long-term, fixed rate capital for projects in low-income and underserved communities. Three bonds were issued on behalf of 9 eligible CDFIs. “I am very pleased to recognize the CDFIs that are creating new partnerships and innovative ways to fully utilize the CDFI Bond Guarantee Program,” said CDFI Fund Director Annie Donovan. “The program is reaching diverse organizations and communities across the country, allowing us to greatly expand access to financing for low-income areas nationwide.”