Southern Illinois Coal Belt Champion Community Inc., doing business as Champion Community Investments (CCI), has been designated by the U.S. Treasury as a Certified Community Development Financial Institution (CDFI). CCI is also the recipient of a $600,000 grant from the Treasury’s CDFI Fund, which will further boost CCI’s financial resources to help small businesses and microenterprises in the five counties served by the organization: Jackson, Williamson, Franklin, Jefferson and Perry.
Being a certified CDFl brings several benefits to CCI and to the region, including the ability to learn more about organizational capacity-building, loan underwriting and improved marketing. It also makes CCI eligible to expand its working relationships with the financial services industry through Community Reinvestment Act investments.
CCI is also able to participate in business loans with area banks. Loan information and applications are available at www.ccinvestments.org, or call 618-536-2424 for an appointment with Small Business Development Center staff.
Mortgage delinquencies continued to decline across all seven states that comprise the Federal Reserve’s Eighth District during the fourth quarter of 2013, according to the St. Louis Fed’s latest Housing Market Conditions report. The quarterly report provides a snapshot of housing market conditions across the U.S. and in the Eighth District, which covers the states of Arkansas, Illinois, Indiana, Kentucky, Mississippi, Missouri and Tennessee. The report also now includes data for the District’s four main Metropolitan Statistical Areas (MSAs): Little Rock, Louisville, Memphis and St. Louis. View the most recent report, as well as archives of previous reports, at www.stlouisfed.org/community_development/HMC/.
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FedCommunities.org is a portal to community development resources from all 12 Federal Reserve Banks and the Federal Reserve Board of Governors.