April 11, 2018 at 9:59 am · tkcDev · Comments Off on Genesis Community Loan Fund
Genesis Community Loan Fund
The Genesis Community Loan Fund provides innovative financing by soliciting low- interest loans from individuals, churches, corporations, and foundations, and then re-lending the money at favorable rates with flexible terms to nonprofit organizations developing affordable housing and community facilities in underserved communities.
A certified Community Development Financial Institution, the Genesis Fund provides loans that have created or improved affordable housing for Maine’s most vulnerable populations: single mothers and their children, low income working families, the elderly, homeless individuals, and people with disabilities.
The Genesis Fund also provides substantial technical assistance to nonprofit organizations across the state by helping them access state, federal, and private funding to support their work.
