CommunityWorks Granted $720,000 in Funding from US Treasury
CommunityWorks has been awarded a $720,000 grant from the U.S. Department of Treasury’s Community Development Financial Institution (CDFI) Fund to bolster its community development lending efforts. CW was one of only three organizations in South Carolina to receive this highly competitive federal grant.
We will use most of the funds to support our Affordable Housing Loan Program which provides loans up to $500,000 to developers and governmental entities to develop, construct and preserve of affordable housing in our community. The rest of the funds will be used for our Community Advantage SBA Loan Program which provides loans up to $250,000 to support small business owners, including those that may not qualify for traditional financing elsewhere. We continue to work hard to support the economic well-being of low-wealth families and communities but we need your help. Donate today!