ACC members Kentucky Highlands Investment Corporation (KHIC) and Virginia Community Capital (VCC) received awards through the U.S. Treasury’s FY 2017 Capital Magnet Fund program. KHIC will use its award to capitalize affordable housing and a revolving loan fund. VCC will use its award to provide predevelopment, construction, and gap financing loans.
Appalachian Community Capital Names Former US Treasury Official as CEO. Donna Gambrell to lead Community Development Financial Institution (CDFI) serving Appalachian Entrepreneurs.
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 196 Community Development Financial Institutions (CDFIs) $185.7 million in grants and loans today.
Appalachian Regional Commission (ARC) Federal Co-Chair Earl F. Gohl announced today the successful first-round investment closing of Appalachian Community Capital (ACC).
Appalachian Regional Commission (ARC) Federal Co-Chair Earl F. Gohl announced today the creation of Appalachian Community Capital (ACC), a new central bank for development lenders that will increase the availability of capital to small businesses in the 13-state Appalachian Region.