Investment Connection – Community Reinvestment Act

The Nonprofit Network is hosting the Federal Reserve Bank of Richmond on an April 23rd webinar and invites you to learn more about the Community Reinvestment Act for nonprofits and the Richmond Fed’s Investment Connection program. This program will create a platform for regional funders to hear from organizations seeking funding to support low- and moderate-income individuals and distressed and underserved communities. Investment Connection will solicit funding proposals from community and economic development organizations in Southside Virginia, as well as Central and Hampton Roads regions, between March 30th to May 1st. In June, the Federal Reserve Bank of Richmond will bring together funders to hear pitches from the top grantee proposals and potentially connect these projects with funding.

Organizations with projects deemed eligible under the Community Reinvestment Act (CRA) may submit community and economic development projects through a Request for Proposal process. Organizations may submit multiple projects for consideration, but only one project per CRA specified category.

Typical issues addressed include, but are not limited to:

Asset building/financial education
Community facilities
Small business development/micro lending
Healthy neighborhoods/affordable housing
Workforce development

We encourage nonprofits to join us to hear opportunities to bring more support to our region. We estimate the session will last for about 30-45 minutes. For more information on the program contact: Rich.InvestmentConnection@rich.frb.org

This event is free, but does require registration:

Register