Community First Fund Enters Philadelphia Market With Joint Award From JPMorgan Chase
Lancaster, PA (September 24, 2018) – Today, the JPMorgan Chase Foundation unveiled over $14.5 million to the winners of its fifth annual Partnerships for Raising Opportunity in Neighborhoods (PRO Neighborhoods) CDFI Collaborative competition, aimed at promoting inclusive growth through collaboration. Community First Fund, a community development financial institution (CDFI) headquartered in Lancaster, is a joint member of a winning umbrella group selected by JPMorgan Chase.
Community First Fund joined forces with other CDFIs headquartered in Philadelphia; LISC (Local Initiative Support Coalition), FINANTA (Financing and Technical Advice) and Impact Loan Fund; to form the Kensington del Corazón Collaborative to participate in this annual competition. The organizations in this Collaborative all provide affordable financing to promote economic opportunities in underserved communities.
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