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CDFI Fund Awards $1.5 Million to Dakota Resources for Community and Economic Development
Renner SD – Dakota Resources, a statewide nonprofit, Community Development Financial Institution Intermediary, has been awarded $1.5 million in capital to build the financial capacity of South Dakota’s Economic Development Corporations and Revolving Loan Funds who finance local housing, community, and economic development projects. This award was one of 196 awards made nationally by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) totaling $185.7 million in grants and loans.
The Dakota Resources Capital Investment Fund serves a mission of promoting community development by providing loan products and development services designed to stimulate financial and human investments in rural communities of South Dakota. ”It is critical to provide products and services that offer the greatest return on investment for our rural communities,” says Beth Davis, … Read More »