Our mission is to strengthen the communities of Bloomington, Monroe County and neighboring south central Indiana by increasing access to flexible, affordable capital for community development projects in the region.
In 2018, Bloomington became the nation’s first “CDFI Friendly” city, an innovative new approach to help draw CDFI financing to smaller markets. In 2019, we hired our first staff, were awarded our first competitive grant, and closed our first deal.
We identify, evaluate, and aggregate CDFI investment opportunities throughout our region – providing local insight and delivering opportunities to external investors.
We provide technical assistance and local coordination to help projects garner community support, navigate local government, and have the resources to succeed.
CDFIs that work with CDFI Friendly Bloomington to lend in our investment area can access 0% financing from Bank of America to offset their investment for the term of the loan.
CDFI Friendly Bloomington has raised $4 million in enhancement funding to invest alongside CDFIs to facilitate projects, mitigate risk, and bridge gaps.