![]() Community-based CDFIs are located throughout the country and are dedicated to serving market niches that are often underserved by traditional financial institutions. The USI CDFI provides equitable access to affordable financial products and services in underserved communities. The USI Community Development Financial Institution (CDFI) Certification is a designation given by the CDFI Fund to specialized organizations that provide financial services in low-income communities and to people who lack access to financing. USI's mission is to help ensure that all families will be stable and thriving. The organization is leading people efforts and neighborhood transformation in 41 cities and 24 neighborhoods across the nation. USI supports communities while working with partners to develop economic opportunities, cradle-to-college/career success, high quality health services and a range of comprehensive service supports. is a national nonprofit leader with extensive experience in implementing results-based human capital development strategies in communities that are undergoing physical revitalization. USI has 45 years of experience working with families focused on personal and neighborhood equity and justice, ensuring all children and families can become stable and thrive.įounded in 1978, Urban Strategies, Inc. Through this partnership, USI and Truist Foundation seek to affect the root causes that hinder inclusivity and ultimately prevent families from thriving. "The USI CDFI seeks to dismantle persistent barriers to social mobility and this partnership with Truist Foundation allows us to begin this important work." "The USI CDFI is excited to elevate our support of children and families in the Norfolk community as we collaboratively address the racial wealth gap through strategic partnerships and funding that provides the much-needed capital and financial services to Black, Latine, and Indigenous borrowers in community revitalization areas," said Shin. Truist Financial Virginia Regional President Thomas Ransom joined USI's president Esther Shin to formally announce the grant during a celebration launch event at Black BRAND in Norfolk. ![]() "By providing a loan fund and training support for small businesses in under-resourced communities, USI is serving as a bridge to capital, ultimately helping to close the wealth inequity gap." "Strengthening the small business ecosystem by eliminating structural barriers to growth is one of our core focus areas at Truist Foundation," said Lynette Bell, president of Truist Foundation. Truist Foundation and the USI CDFI will create an equitable loan fund and application system to attract, support and fund historically excluded communities in the three cities, equipping them with the credit, knowledge and tools to start, grow and sustain their businesses. USI will use the funding to support its community development financial institution (CDFI) in establishing a bridge to capital and wealth creation for women- and Black-, Latine- and Indigenous-owned small businesses in Norfolk, Baltimore, Maryland, and Ft. (USI), a national nonprofit that focuses on the design and implementation of human capital development strategies in communities undergoing physical revitalization across the U.S. NORFOLK, VA / ACCESSWIRE / J/ Today, Truist Foundation announced a $1.5 million grant to Urban Strategies Inc. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |