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PathStone Corporation (PathStone) began full-time operations in Puerto Rico soon after Hurricane Georges came ashore in 1998. PathStone’s entry into Puerto Rico was a long wished for dream on the part of the Board of Directors which for many years wanted the organization to offer assistance to farmworkers on the Island. PathStone’s board had, from the beginning of the organization’s founding in 1966, included significant […]
Today the CDFI Fund announced $208.7 in CDFI Fund Program Awards, including: $171.1 million in Financial Assistance and Technical Assistance to 265 organizations in 46 states and the District of Columbia; $22 million to 13 CDFIs through the Healthy Food Financing Initiative Financial Assistance awards (HFFI-FA); and $15.6 million in FY 2017 NACA Program Financial Assistance and Technical Assistance to 38 organizations in 21 states. […]
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For over 20 years, CDFIs have been making financial services accessible to underserved communities and populations across the country. Among their many achievements, CDFIs have financed improved access to affordable housing, critical community facilities, and schools. They have financed small and growing businesses. Through their efforts, millions of dollars have been leveraged for investment in communities often left out of the economic mainstream, creating jobs and opportunities. Below are some of their stories.