Impact Finance opens Access Capital grant cycle

News

Impact Finance opens Access Capital grant cycle

April 29, 2024

Training and technical assistance grants will be provided to selected nonprofits

As part of ��ɫ��Ƶ Access Capital: Collaborating to Invest in Developers of Color, U.S. Bancorp Impact Finance is seeking nonprofits and Community Development Financial Institutions (CDFIs) that could support training and technical assistance in 2024 for new and existing affordable housing developers of color.

Grants will be provided to selected nonprofits based on Impact Finance’s equitable access to capital strategy in alignment with ��ɫ��Ƶ’s Access Commitment®.��

The overall goal of the Access Capital grant program is focused on advancing equity to assist developers who need predevelopment capital and nonprofit organizations who are focused on developing, maintaining or expanding their technical assistance or training to better support developers.

This will be the fourth year of the program. From 2021 to 2023, Impact Finance awarded $850,000 to 13 organizations.��

“We focus a lot on access to capital, but just as important is ensuring that entities are ready to take on that capital and that is why capacity-building and technical assistance programs are vital,” said U.S. Bancorp Impact Finance senior vice president Torrence Moore. “For this reason, we believe the Access Capital program provides opportunities for developers and nonprofits to obtain knowledge, networking and skills that will contribute to the growth of their organizations and assist them in ultimately qualifying for loan capital.”

Grant recipients will be selected through an application process where nonprofits submit a proposal describing how they might use additional capital for technical assistance or a training program with the goal of building capacity for developers. Once proposals are submitted, Impact Finance will select three to five recipients. Impact Finance will consider providing grants to both existing and new programs.

The deadline to apply is June 24, 2024, and the next round of grants will be distributed in the fourth quarter of 2024.

For more information or to obtain a copy of the RFP, email BusinessImpactGroup@usbank.com.

Copy Link To Clipboard

Media center

Press contact information, latest news and more

Press resources

Learn more

Company facts, history, leadership and more

About us

Work for ��ɫ��Ƶ

Explore job opportunities based on your skills and location

Disclosures

Investment products and services are:
Not a deposit • Not FDIC insured • May lose value • Not bank guaranteed • Not insured by any federal government agency

Equal Housing Lender

Loans and lines of credit are offered by U.S.��Bank National Association. Deposit products are offered by U.S.��Bank National Association. Member FDIC.

Investment and insurance products and services including annuities are available through U.S.��Bancorp Investments, the marketing name for U.S.��Bancorp Investments, Inc., member and , an investment adviser and a brokerage subsidiary of U.S.��Bancorp and affiliate of U.S.��Bank.

Pursuant to the Securities Exchange Act of 1934, U.S. Bancorp Investments must provide clients with certain financial information. The U.S. Bancorp Investments Statement of Financial Condition is available for you to review, print and download.

The Financial Industry Regulatory Authority (FINRA) Rule 2267 provides for BrokerCheck to allow investors to learn about the professional background, business practices, and conduct of FINRA member firms or their brokers. To request such information, contact FINRA toll-free at 1-800‐289‐9999 or via . An investor brochure describing is also available through FINRA.

U.S. Bancorp Investments .

��ɫ����Ƶ

News