The Equitable Wilmington CDFI Collaborative includes Cinnaire, True Access Capital and NCALL Loan Fund and will use the JPMorgan Chase’s PRO Neighborhood funds to support affordable housing development, small businesses and community facilities while addressing social determinants of health—including access to healthy foods and health care facilities—through partnerships with the healthcare sector.
Cinnaire is a non-profit financial partner that supports community and economic revitalization initiatives through creative investments, loans and development services. Since 1993, Cinnaire has invested $4.7 billion to develop 811 housing communities in 10 states, providing 49,700 affordable apartment homes for more than 100,000 individuals and families and has provided community development loans to support the creation/renovation of more than 187,000 square feet of commercial, mixed-use, and community space. In its mission to change lives and transform neighborhoods into thriving communities, Cinnaire has helped to create or retain over 76,000 jobs and spur $7.9 billion in economic impact. www.cinnaire.com
About NCALL Loan Fund
The NCALL Loan Fund is a nonprofit community development financial institution with a mission to provide innovative lending and services targeted to affordable housing and community development. Since 2004, the Loan Fund has deployed more than $138 million in financing on the Delmarva Peninsula, resulting in the development of more than 860 affordable housing units; 400 rooms with supportive living services; 575,000 square feet of community facilities and 132,000 square feet of mixed-use/commercial space. http://www.ncall.org/loan-fund/
About True Access Capital
True Access Capital is community development financial institution based in Wilmington, DE focused on driving community development and job growth by providing loans and technical assistance to underserved communities in Delaware and Southeastern Pennsylvania. True Access Capital’s role in the collaborative will be to lead the small business and economic development activities. https://firststateloan.org/