Resilient Communities Through Collaboration + Investment
Access to finance means access to opportunity.
The ripple effect of CFE’s financial investments and business expertise is felt across neighborhoods and across generations. We are in it for the long haul — helping local residents remain in their homes, affordable housing developers save money on green energy, and small business owners and community organizations grow. We also serve in the critical role of financial first responder, working alongside local government agencies to deploy relief funds to small businesses, enabling them to pivot in the face of COVID-19.
The Impact of the Equitable Growth Fund, 2019-2021
$17.2 million
invested in Areas of Economic Distress
22,310
community beneficiaries (e.g., health clinic patients, childcare slots)
1,072
housing units created or preserved, benefiting 2,278 people
34 loans and $14.6 million
to Latinx- and African-American/Black-led businesses
$9 million
invested in 14 women-led businesses
864 jobs
created and/or retained
$10.4 million
invested through 19 loans in DC Wards 7 and 8
The Impact of Managed Grants, 2020-2021
- 3,195 applications processed
- $44 million disbursed
- 2,300 housing units preserved through funding 223 small housing providers
- 4,000 tenants retained housing
- 2,155 small businesses funded
- 752 majority women-owned businesses received $8.1 million
- 426 minority-owned businesses received $15.3 million
- 103 small businesses funded in DC Wards 7 and 8
- About 24,000 jobs retained or created