Spanning the Region

findCRA—Helping Connect Louisville Banks and Nonprofits

findCRA is a new website that helps banks and nonprofits to partner on community reinvestment projects and programs. Nonprofits can use this online service to promote their upcoming projects directly to banks, and banks can search for and select projects that meet obligations required by the Community Reinvestment Act (CRA). findCRA will eliminate much of the time, energy and resources typically expended to organize and communicate basic project information, allowing the focus to shift toward completing projects more efficiently and successfully.

How does it work?

  1. List—A nonprofit lists a project on findCRA.com in just a few simple steps.
  2. Search—Banks search the list for projects that meet their CRA needs.
  3. Connect—Banks request to connect with the organization engaged in a project they like; once the nonprofit confirms, the project moves forward from there.

For more information, call 1-844-2-findCRA (346-3272) or visit www.findcra.com/louisville.

Memphis Receives Matching Fund Award

The Funders’ Network for Smart Growth and Livable Communities and its partner, the Urban Sustainability Directors Network, awarded a total of $531,250 to nine communities in Round Four of the Local Sustainability Matching Fund (LSMF). One of the recipients was the city of Memphis, which received $75,000 to support the development of an interactive dashboard for Memphis and Shelby County citizens that can be used to map neighborhood assets and analyze sustainability indicators and metrics. Other recipients in this round included the cities of Boston ($65,000), Buffalo ($85,000), Cleveland ($60,000), Holland, Mich. ($65,000), Indianapolis ($45,000), Providence, R.I. ($55,000), Salt Lake City ($25,000) and San Diego ($56,250).

The LSMF is designed to connect innovative city sustainability projects with local philanthropies. Seven investor funders make up the Fund: Bloomberg Philanthropies, The JPB Foundation, John D. and Catherine T. MacArthur Foundation, the Kendeda Fund, The New York Community Trust, Summit Foundation and Surdna Foundation. To date, the LSMF has awarded $1,472,750 and funded 29 projects across North America. For more information, please visit www.fundersnetwork.org/participate/green-building/local-sustainability-matching-fund.

St. Louis Community Credit Union and the City of St. Louis Launch Sure Rides™ Auto Loan Program

St. Louis Community Credit Union (SLCCU) and the city of St. Louis have launched a unique lending partnership. The Sure Rides™ Auto Loan program is designed to help qualified clients of select workforce development agencies get to work by giving them access to affordable car loans.

As a Community Development Financial Institution (CDFI), SLCCU has the ability to receive grants and create outreach programs that actively serve the community. The Sure Rides™ Auto Loan program was made possible by a grant from the Treasury Department. The program allows SLCCU to participate in making auto loans to qualified low-income borrowers. St. Louis-area residents have the opportunity to access affordable financing options to help make their career goals a reality.

For more information on loan eligibility or program details, call 314-256-3999 or visit www.stlouiscommunity.com.

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2015 Federal Reserve System
Community Development
Research Conference