Community First Fund is a nonprofit Community Development Financial Institution (CDFI) based in Philadelphia, PA. With a mission to create opportunity and transform communities, they provide financing and support to businesses, nonprofits, and individuals in Eastern and Central Pennsylvania. Their services include loans and grants for COVID-19 relief, small business lending, commercial real estate financing, housing development, and personal loans. Community First Fund is dedicated to promoting social justice and has a strong focus on supporting entrepreneurs from marginalized communities.
Through their innovative approach and partnerships, Community First Fund has made a significant impact in the region. They have financed over 2,400 housing units, with 68% of their loans going to businesses owned by people of color and 39% to women-owned businesses. Additionally, they have received a $2.25 million grant from the Truist Foundation to launch the Economic Justice Fund, which will provide lending support to Black and Latine entrepreneurs. By investing in people's lives and communities, Community First Fund is working towards building vibrant and inclusive neighborhoods in Philadelphia and beyond.
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