Small Business Development · Affordable Housing Development
Building Community Assets
A JPMorgan Chase PRO Neighborhoods Initiative
The goal of the Equitable Wilmington CDFI Collaborative is to foster social equity by providing community solutions, access to capital, and resources to allow all Wilmington neighborhoods to thrive. The collaborative is comprised of three local mission-driven lenders dedicated to fostering small business growth; developing safe, affordable homes; and supporting essential community facilities in the neighborhoods surrounding Wilmington's Central Business District.
Equitable Wilmington CDFI Collaborative is an effort to promote inclusive growth in Wilmington’s West, East and Northeast neighborhoods to stimulate economic opportunity and mobility. Equitable Wilmington provides lending resources and technical assistance for transformative projects such as building affordable housing, community facilities, and supporting small businesses in these key neighborhoods.
The Equitable Wilmington CDFI Collaborative is a partnership of Cinnaire, NCALL Loan Fund and True Access Capital and is supported by JPMorgan Chase through the PRO Neighborhoods initiative.
In the next three years, Equitable Wilmington Plans to:
- Preserve or rehab over 100 affordable housing units.
- Provide 48 small business loans totaling $1 million.
- Develop community facilities that create assets and resources for the community
“We have worked hard in Delaware to support new affordable housing and small business development, and these investments in Equitable Wilmington will build on progress we’re seeing across our city,” said Governor John Carney. “This is the kind of collaboration that can create real positive change in Delaware communities.”
—Delaware Governor John Carney
The Equitable Wilmington Capacity Building Fund is a one-time capacity-building grant for nonprofits who support equitable development in one or more of the neighborhoods of Westside/West Center City, Northeast and East Wilmington to expand their ability to sustainably meet the needs of their communities. The grant application period is closed. Awardees will be notified on April 1st and announced on our website May 1st. Thanks to all those who applied. Stay tuned to our site for upcoming grant opportunities.
ABOUT PRO Neighborhoods
JPMorgan Chase & Co. provided a $4 million, three-year investment to Equitable Wilmington. JPMorgan Chase’s PRO Neighborhoods competition is part of the firm’s $125 million, five-year national commitment in neighborhood revitalization. The initiative helps equip community leaders with the tools needed to transform underserved neighborhoods into neighborhoods of opportunity—where diverse individuals and families at all income levels can live.