REPRESENTATIVE DRIEHAUS WELCOMES $1 MILLION FOR CINCINNATI DEVELOPMENT FUND

WASHINGTON, DC—Representative Steve Driehaus today welcomed an announcement by the U.S. Department of the Treasury of a $1,000,000 award for the Cincinnati Development Fund (CDF).  CDF, a Cincinnati-based a non-profit lending institution, is one of 62 institutions selected nationwide to receive resources through the Treasury Department’s Community Development Financial Institutions (CDFI) Fund.

“This is great news and a well deserved award for the Cincinnati Development Fund.  CDF is helping to revitalize communities across Cincinnati by making housing more affordable and promoting development in underserved areas.  This smart investment will help CDF continue this critical work,” said Rep. Driehaus.

The Treasury Department’s CDFI Fund aims to expand the capacity of financial institutions to provide capital, credit, and financial services to underserved populations and communities in the United States. 

The Cincinnati Development Fund finances affordable housing development and community revitalization in greater Cincinnati. The primary business of the organization is to underwrite and service community development real estate loans that result in the creation or preservation of affordable housing, or revitalization of urban communities.