| Massachusetts Community
Development Finance Corporation is a quasi-public
corporation authorized by the Massachusetts
legislature in 1975, under the statute of
Chapter 40F, as one of the nation’s
first state-level community economic development
finance institutions. The core mission of
CDFC was to bring new economic activity
and good quality jobs to Massachusetts’
low-income areas working in conjunction
with community development corporations
(CDCs). Over the past three decades, CDFC
designed programs and activities in response
to the expanding development activities
of CDCs, new legislative mandates, and its
own innovations to better address the capital
availability problems of small businesses
and lower income communities.
Today CDFC concentrates in lending to small
business throughout the Commonwealth and
plans to become a better recognized and
more active economic development lender.
Achievements:
- Invested over $75 million
- Over $14 million in assets under management
- Created and funded the first Contractor
Working Capital and Surety Financial model
in the USA
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