Building the Capacity of CDFIs in Georgia

  • Offered by OFN with Support from Healthcare Georgia Foundation

 

Overview

Healthcare Georgia Foundation and OFN have developed a new grant opportunity for CDFIs providing financial services related to social determinants of health in Georgia. Offered by OFN with support from Healthcare Georgia Foundation, the Building the Capacity of CDFIs in Georgia program includes technical assistance with capital and operating grants for CDFIs working to strengthen community development and health in rural communities in Georgia.

The program will strengthen the ecosystem of CDFIs and partners that are ready and able to deploy capital into areas of need throughout Georgia, particularly in deeply underserved rural areas and areas of persistent poverty. The program includes opportunities to share challenges, lessons learned, and build connections with partners in the health and community development ecosystem.

CDFIs, including loan funds, credit unions, and banks, that provide financial and development services related to social determinants of health in Georgia, are encouraged to apply.

Learn more—please view the informational webinar below about the Building Capacity of CDFIs in Georgia

Download the webinar presentation.

How It Works

Grant Opportunity for CDFIs Working in Georgia

Types of Support

Grants may include the following types of support:

  • Individual technical assistance (TA) to CDFIs (value up to $25,000)
  • In combination with technical assistance, capital and operating grants (up to $25,000 each)

Eligibility

CDFIs, including loan funds, credit unions, and banks that provide financial and development services related to social determinants of health in Georgia, are encouraged to apply. Other mission-driven lenders, including low-income designated credit unions, minority depository institutions, and emerging CDFIs may be eligible in the future, but not in this round. Priority will be given to organizations serving, at least in part, rural areas of Georgia.

Successful applicants will demonstrate the following characteristics:

  • Provide financial services related to social determinants of health, including but not limited to:
    • Community facilities, including health centers, community hospitals, educational facilities
    • Healthy food options along the food continuum
    • Housing and supportive services
    • Small business and microloans
    • Consumer financial services
    • Transportation and/or transit oriented development
    • Technology use and/or access
  • Clearly articulate the use of grant funds to strengthen the organization’s capacity to support community development and health in Georgia
  • Willingness and commitment to participate in knowledge sharing activities with other CDFIs and Community Development partners in Georgia
  • Demonstrated management commitment to deliver on grant commitments
  • Financial stability of the organization with an intention and capacity to grow

Application Process

Grant Opportunity for CDFIs Working in Georgia

The application process has three steps:

  1. Step One: Submit an Expression of Interest
    • Rolling submission with final deadline of 11:59: PM EST on July 12, 2017
    • Complete the short application here
    • Upload a 1-2 page narrative describing how your organization would use the capacity building grant to expand community development and health related lending in Georgia, particularly in rural areas and areas of persistent poverty
    • Upload financial statements (last fiscal year and current year-to-date)
  2. Step Two: By Invitation, Submit Background Information
    • Deadline: August 15, 2017
    • Applicants who advance from Step One will be invited to provide background information, including but not limited to bios/resumes, additional financial data, and strategic documents
    • Identify TA provider and scope of work
  3. Step Three: Notification of Grant Awards
    1. Deadline: September 15, 2017
    2. Applicants will be notified of award status

For further information, please contact Ginger McNally, Senior Vice President, Strategic Consulting, OFN.

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