Locus

As a CDFI, we are proud to see the continued bipartisan support for the CDFI Fund, which has been a crucial tool in promoting capital access for underserved communities since its creation 30 years ago. With over 1,400 institutions nationwide, CDFIs leverage at least $8 in private sector investment for every $1 of public funding, driving meaningful economic growth in both urban and rural areas. We are grateful for the leadership of Sens. Mark Warner (D-VA) and Mike Crapo (R-ID), co-chairs of the Senate Community Development Finance Caucus, in reaffirming their commitment to the mission of CDFIs.

CDFIs have a proven track record of lending prudently while delivering measurable positive impact in markets often overlooked by conventional financial institutions. According to an Opportunity Finance Network study, CDFIs have helped create or maintain 2.6 million jobs over the past two decades. #CDFIs #JobCreation #EconomicImpact?

What does community reinvestment look like? We're looking back at our most impactful projects through the years.? Floyd, Virginia, once impacted by the decline of the textile industry, has successfully revitalized itself through community-driven investments and partnerships, including the efforts of Locus. Key developments like The Village Green, The Station, and the Tri-Area Community Health Center have transformed the town's economy and healthcare access, making Floyd a thriving rural hub of commerce, culture, and well-being. This story of collective action and sustainable growth serves as an inspiring example for other small towns looking to partner with CDFIs to reinvest in their futures. #Revitalization #CommunityImpact #SmallTownSuccess #CDFIs #CommunityReinvestment?

New research from Opportunity Finance Network highlights the transformative role of CDFI loan funds in driving community change and economic empowerment. CDFIs are creating significant opportunities for entrepreneurs coast-to-coast by focusing on flexible and impactful lending models. This innovative approach is helping to build more resilient communities. #CDFIs #CommunityImpact #EconomicEmpowerment

#ICYMI Check out our February newsletter featuring insights from the Virginia General Assembly, podcast recommendations, partnership spotlights, and more!

The Community Investment Guarantee Pool (CIGP) is providing a guarantee for a predevelopment loan issued by New York City Energy Efficiency Corporation (NYCEEC) to support Silverleaf Apartments, a 118-unit supportive housing project in the Bronx. The Lantern Organization, which will manage the property, plans to incorporate energy-efficient upgrades like rooftop solar, electric stoves, and heat pumps to reduce emissions and enhance tenant comfort. ?? By guaranteeing a portion of the loan, CIGP helps mitigate credit risk, enabling NYCEEC to fund crucial predevelopment activities while facilitating the integration of clean energy measures into affordable housing.

Now that the 2025 Virginia General Assembly session has ended, we look at the major legislative outcomes and shift our focus to the federal landscape, where additional opportunities for progress remain. Read more about our three key takeaways and what we anticipate for the year ahead. ??

At Locus, building strong community partnerships is at the heart of what we do. We’re always reflecting, learning, and collaborating to drive positive, lasting change. In January, we hosted our annual Learning Exchange, bringing together partners to share innovative ideas, celebrate wins, and strengthen connections. During the event, panelists shared powerful insights and valuable lessons. One standout quote came from Locus Director of Food Systems Investment Strategy Lauren DeSimone, who reflected: “The power of the community coming together to support the project — the braided capital and the community — that was absolutely obvious from the outset."” Catch the full event recording and dive into the conversation around Courageous Financing here: https://lnkd.in/g-8p9PBp

Locus is hiring! We're seeking mission-driven professionals to fill the roles of: ?? Vice President, Impact Investment Services ?? Loan Operations Specialist III ?? Data & Compliance Analyst ?? Portfolio Management Officer I ?? Senior Solar Credit Analyst Learn more about these positions and apply at https://shorturl.at/844UH #hiring #openposition #nowhiring #jobalert #jobs

Cabin?Fever?is the best way to cure the winter blues?and support 1708 Gallery.?Cabin?Fever?raises funds for 1708 Gallery's exhibitions and programs and provides crucial resources for artists to produce and present artworks and programs in the Richmond community. Are you?ready for an evening of amazing art, fantastic food, delicious drinks, and good cheer??Cabin Fever is Saturday, February 22, 2025. Get your tickets here: https://event.gives/cf25 Want to learn more about 1708 Gallery's journey to community impact? Read more below!