News & Events

Fall 2018

ACC Receives New Sources of Capital

Appalachian Community Capital is honored to have received a $550,000 award from the Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund). In its announcement, the CDFI Fund noted that 302 CDFIs had received a total of $202.2 million in awards. These awards, through the fiscal year 2018 round of the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program (NACA Program), will allow CDFIs to increase lending and investment activity in low-income and economically distressed communities across the nation.

“This CDFI award will enable ACC to provide additional loans to its members. The members, in turn, will use the funds to increase lending to small businesses in Appalachia, including those businesses owned by persons of color and women,” said Donna Gambrell, President & CEO, Appalachian Community Capital. “We thank the CDFI Fund, and we congratulate the other CDFIs who have been recognized.”

Northern Trust Bank has approved a $1 million investment for ACC.  The capital will be made available to ACC member institutions to help support small business owners and entrepreneurs in the Appalachian Region.   Currently, 17 CDFIs and other mission-based lenders in the region are members.

April 2018

Appalachian Community Capital Welcomes New Board Member, Lori Chatman, President of Enterprise Community Loan Fund

April 2018

Appalachian Community Capital Welcomes Three New Members – CommunityWorks, Finance Fund Capital Corporation, and Woodlands Community Lenders

March 2018

Two Appalachian Community Capital Members Awarded US Treasury Capital Magnet Fund Grants

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.

May 2017

Appalachian Community Capital Names Former US Treasury Official as CEO

Appalachian Community Capital Names Former US Treasury Official as CEO. Donna Gambrell to lead Community Development Financial Institution (CDFI) serving Appalachian Entrepreneurs.

September 2016

U.S. Treasury Awards $185 Million for Community Development in Low-Income Communities

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.

September 2016

FY 2016 CDFI Program Awardees

August 2015

Which Big Funders are Investing in Economic Growth in Appalachia?

May 2015

ARC Announces Successful First-Round Investment Closing of
Appalachian Community Capital

Appalachian Regional Commission (ARC) Federal Co-Chair Earl F. Gohl announced today the successful first-round investment closing of Appalachian Community Capital (ACC).

June 2013

ARC Launches Appalachian Community Capital Initiative to Build Access to Credit in Region

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.