Submitted by Benjamin T Turner on
Fahe has been awarded $1.1 million from the U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI). The CDFI Program invests in and builds capacity of CDFI’s to serve low-income people and communities lacking adequate access to affordable financial products and services.
According to Jim King, President of Fahe, “We are extremely pleased to receive this funding; it empowers Fahe to draw in new capital to Appalachia. With this award, we anticipate leveraging $85 million in new loans over the next 5 years.”Read more on the FAHE website