Kresge Community Finance
Posted by Kresge Foundation on April 4, 2016
The Kresge Foundation is pleased to announce Kresge Community Finance, a $30 million program-related investment (PRI) finance offering to certified Community Development Finance Institutions (CDFI) and quasi-public or private Development Finance Agencies (DFA) expanding opportunities in America’s cities. The foundation will select applications through a competitive Request-for-Proposals (RFP) consisting of two stages, a letter-of-inquiry stage, followed by selected invitations for full proposals. Successful nonprofit applicants also will receive an equity grant, equivalent to 5% of the amount of PRI financing disbursed.
The foundation is interested in proposals that expand opportunities in America’s cities and that are aligned with one or more of our programmatic focus areas.
To learn more about our programmatic focus areas, please visit our program team pages at http://kresge.org.
To learn more about Kresge Community Finance and how to apply, download the overview document here
http://kresge.org/library/kresge-community-finance-rfp
To read our related news item, click here
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