NCDF, together with LEAF, is providing a $750,000 loan to help finance the co-op's relocation and expansion to a new site, including new equipment... Read More...
Your Money at Work
NCDF's 2014 Year in Review
We are pleased to report a successful 2014. We posted solid financial results thanks to on-target earned revenue and supplemented by grants from foundations, supporters and the CDFI Fund. Growing investments by our members helped leverage additional dollars from allies and supporters. Our cooperative fund grew to over $10 million and we made $3.1 million in loans and investments to 16 co-ops in eight states:
Our financing leveraged $35 million in capital to these co-ops from other sources. The cooperatives we provided loans to generated jobs, built affordable places to live, and advanced our mission of building democratic economies and transforming local communities. Our loans:
We are well positioned to maintain the momentum in 2015 and assist more and more co-ops in reaching their goals.