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CDFI Friendly Bloomington reports $26M in CDFI investment leveraged to $57M in projects since 2018; childcare and small‑business focus next
Summary
John Zote, executive director of CDFI Friendly Bloomington, told the commission the nonprofit has provided technical assistance and catalytic capital in the region since 2018, leveraging roughly $26 million of CDFI investment into an estimated $57 million of projects and supporting cooperative housing and childcare pipeline work.
John Zote, executive director of CDFI Friendly Bloomington, presented the organization’s annual update to the Redevelopment Commission on Nov. 3.
Zote said the mission of CDFI Friendly Bloomington is to expand access to mission‑driven financing across 13 counties, fill regional gaps in community development lending, and provide technical assistance to projects that otherwise struggle to access conventional financing. He told the commission the organization…
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