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A capital project undertaken by a non-profit organization that resides in and /or serves an eligible community
Population Census tracts where the poverty rate is at least 20% or the median family income is below 80% of the area median family income.
Investments will be made directly in eligible projects and provide a 7-year forgivable loan or be used to capitalize a loan fund to finance capital projects by offering term loans at a subsidized interest rate. Financial products will provide affordable capital to eligible projects greater than $250,000.