Author Archives: awashington@trufund.org
TruFund Financial Services, Inc.’s Empowerment Reinvestment Fund Awarded $55 Million in New Markets Tax Credit Allocation
FOR IMMEDIATE RELEASE New York, NY — December 29, 2025 — TruFund Financial Services, Inc. announced today that its wholly owned subsidiary, the Empowerment Reinvestment Fund (ERF), has been awarded a $55 million allocation of New Markets Tax Credits (NMTCs) by the U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund). The award […]
TruFund Financial Services, Inc. Partners with CDFIs in a Loan Participation Collaborative to Expand Capacity and Advance the Mission of Atlanta-Based Non-Profit Caring For Others, Supporting Families Locally and Worldwide
The investment in Caring for Others will help strengthen domestic and international disaster response. FOR IMMEDIATE RELEASE ATLANTA, Georgia — December 3, 2025 — Caring for Others, a global humanitarian nonprofit headquartered in Atlanta, Georgia, dedicated to restoring dignity and stability for families in crisis, announced today a significant expansion of its operational footprint through […]
RudHil Commercial, GHCC, TruFund, and King of Kings Tax Advisory Celebrate Launch of “Dueños del Crecimiento / Growth Owners” Program
FOR IMMEDIATE RELEASE Atlanta, Georgia — November 8, 2025 — RudHil Commercial, in partnership with the Georgia Hispanic Chamber of Commerce (GHCC), TruFund Financial Services, Inc., and King of Kings Tax Advisory, has officially launched the “Dueños del Crecimiento / Growth Owners” program—a pioneering initiative designed to help entrepreneurs transition from tenants to property owners […]
TruFund and Bags Announce Strategic Partnership to Deliver AI Financial Support to Underserved Small Businesses
FOR IMMEDIATE RELEASE New York, NY — November 12, 2025 — TruFund Financial Services, Inc., a leading Community Development Financial Institution (CDFI), and Bags, a financial management and access-to-capital platform, have announced a groundbreaking partnership to provide a modern, co-branded technical assistance and loan servicing program aimed at using AI to accelerate equitable access to […]
TruFund Financial Services Secures $2 Million Grant from Wells Fargo to Expand Small Business Real Estate Ownership in Key U.S. Cities
FOR IMMEDIATE RELEASE New York, NY — October 22, 2025 — TruFund Financial Services, Inc., a leading mission-driven Community Development Financial Institution (CDFI), has been awarded a $2,000,000 grant from Wells Fargo & Company to launch its Open for Business Growth – TruFund Real Estate Acquisition Program. The initiative is designed to help small business […]
TruFund Congratulates James H. Bason for City & State NY Recognition
City & State’s Who’s Who in MWBEs, spotlights key players in this arena—including leaders of MWBE firms of all sizes, public officials driving MWBE policies, and industry advocates working to ensure greater equity and opportunity. Among these leaders is James Bason, president and CEO of TruFund Financial Services. Under his leadership, TruFund delivers capital, resources, […]
TruFund Helps Advance Sustainable, Affordable Senior Housing in Brooklyn with Nearly $2M Investment
As part of its mission to drive energy-resilient and community-centered development, TruFund Financial Services, Inc., through its Resilience & Sustainability Fund, has successfully closed on nearly $2 million in financing to support the predevelopment of a groundbreaking affordable housing project in East Williamsburg, Brooklyn. The project—spearheaded by nonprofit developer St. Nicks Alliance—will result in a […]
TruFund is Proud to Announce Its Newest Promotion Class
At TruFund Financial Services, we believe in investing in our greatest asset — our people. Today, we are thrilled to spotlight the exceptional talent and leadership rising within our organization. Our newest promotion class reflects the dedication, innovation, and impact that continue to drive our mission forward. These individuals have gone above and beyond in […]
James H. Bason, President & CEO of TruFund Financial Services, Inc., Appointed to CDFI Coalition Board of Directors
FOR IMMEDIATE RELEASE James H. Bason, President & CEO of TruFund Financial Services, Inc., Appointed to CDFI Coalition Board of Directors New York, NY – April 9, 2025 – TruFund Financial Services, Inc. is pleased to announce the appointment of its President and Chief Executive Officer, James H. Bason, to the Board of Directors of […]
The Power of Responsible Lending: Creating Long-Term Success for Small Businesses
By OC Isaac, Senior Vice President | Chief Lending Officer Small businesses are the backbone of our economy, driving innovation, creating jobs, and fostering economic growth in communities nationwide. Yet, for many entrepreneurs, access to capital remains one of the biggest challenges. While financing is essential for growth, the type of financing a business secures […]
