CDFIs regularly collaborate for comprehensive and long-lasting neighborhood impact.
CDFIs around the state often work together to holistically respond to the complex challenges and opportunities in Ohio’s under-invested neighborhoods.
The 614 for Linden
The 614 for Linden is a collaborative of four CDFIs and numerous nonprofits that seek to implement four of the Big Ideas identified in the City of Columbus’ One Linden Plan.
The CDFIs involved are Ohio Capital Finance Corporation, Affordable Housing Trust of Columbus and Franklin Co., ECDI, and Finance Fund Capital Corporation.
The goal of the initiative, which will run from 2019 to 2022, is to build upon the One Linden Plan’s work to create an equitable, opportunity-rich neighborhood for existing residents of Linden.
To learn more about the 614 for Linden’s impact from 2019 to 2020, read this evaluation. To learn more about the 614 for Linden’s from 2019 to 2021, read this evaluation.
The OH3C Collaborative
In 2018, the OH3C (“Ohio 3C”) brought together four CDFIs to deploy targeted capital in 9 neighborhoods within the state’s 3Cs (i.e., Cincinnati, Columbus, and Cleveland). Its members were ECDI, Cincinnati Development Fund, Ohio Capital Finance Corporation, and Village Capital Corporation.
From 2018 to 2021, the OH3C provided lending, technical assistance, and responsive support to borrowers who were located in neighborhoods experiencing rapid market strengthening.
The OH3C financed 16 commercial and mixed-used projects, provided loans on 235 affordable housing units, issued $1M+ in loans to 60 small businesses and entrepreneurs, and increased the capacity of local community development corporations.
To learn more about the OH3C’s work, read the final evaluation report and watch this video.
Opportunity CLE Neighborhoods
Opportunity CLE Neighborhoods is a partnership between Cleveland Development Advisors and Finance Fund Capital Corporation. These two CDFIs are supporting development efforts in Cleveland, Ohio’s Buckeye/Kinsman, Clark-Fulton, and Glenville neighborhoods.
From 2019 to 2022, the Collaborative will deploy loans, grants, technical assistance, and business services to attract projects and Opportunity Zone investments that align with the target neighborhoods’ priorities.
To learn more about Opportunity CLE’s impact from 2019 to 2020, read this evaluation. To learn more about Opportunity CLE’s impacts from 2019 to 2021, read this evaluation.