Federal grant to help Catalytic Fund push NKY redevelopment efforts
The Catalytic Fund recently received a $700,000 grant from the U.S. Treasury's Community Development Financing Institution Program, one of only three Kentucky organizations and one of 123 across the nation to receive CDFI funds this year.
Earlier this year, The Catalytic Fund was certified as a Community Development Financing Institution, which made it eligible to apply for funding from the U.S. Department of the Treasury’s Community Development Financing Institution Program.
The Catalytic Fund recently received a $700,000 grant from the CDFI fund. It’s one of three Kentucky organizations and one of 123 across the nation to receive CDFI funds this year.
The money will be used for redevelopment efforts in Bellevue, Covington, Dayton, Ludlow and Newport, including $500,000 for seed money of a $2 million predevelopment fund.
Read the full Soapbox story here.
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