Loans for the construction of community facilities

Many poor communities need health clinics, day care facilities, recreational facilities, and shelters for homeless people and victims of domestic abuse. The people who take advantage of these services usually cannot pay the cost of either operation or construction. While operational support for such services may be available from government agencies and private philanthropies, without buildings and equipment a community can't qualify for this support. Many CDFIs help to bridge this gap by providing funds to acquire, renovate, or equip buildings for community service use. There's risk involved, because future funding is not guaranteed. Banks won't take that risk, but CDFIs will.

Real stories

Salud para la Gente, a community health clinic In Santa Cruz, California, received a loan from a credit union to build a new facility.