Federal Grant to Southern Bancorp Capital Partners Could Boost Job Growth
Tennessee, Mississippi and Arkansas could see an increase in job growth through a new, $1 million grant awarded by the U.S. Department of Housing and Urban Development to San Antonio-based LiftFund, over $200,000 of which will go to Communities Unlimited and Southern Bancorp Capital Partners. The grant will benefit the Delta Community Capital Initiative, a program designed to stimulate job growth and produce more affordable housing and business opportunities to the chronically underserved and undercapitalized Lower Mississippi River Delta Region. The initiative provides direct investment and technical assistance to community development lending and investing institutions that focus on affordable housing, small businesses and community facilities.