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TruFund Financial Services Hosts Its 3rd Annual TruImpact Week October 2-6, 2023
October 2, 2023, NEW YORK, NY – TruFund Financial Services, Inc., a leading non-profit Community Development Financial Institution (CDFI) is thrilled to announce TruImpact Week 2023, a week-long celebration dedicated to recognizing and celebrating the significant impact it has made in the cities they serve. TruFund’s mission is to help historically disadvantaged individuals and communities […]
TruFund’s Subsidiary Empowerment Reinvestment Fund Receives $40MM New Markets Tax Credit Allocation From United States Department of Treasury
NEW YORK, NY— September 27, 2023 – TruFund Financial Services, Inc. announces today, it has been selected by the Community Development Financial Institutions Fund’s (CDFI Fund) to receive $40 million in New Markets Tax Credit (NMTC) to attract private capital to rural and underserved communities. The announcement by the United States Department of Treasury was […]
TruFund Financial Services, Inc. Today Announced Monica Edwards Joins its Senior Leadership Team as Senior Vice President, Director of The Empowerment Reinvestment Fund – New Markets Tax Credit Platform
New York, New York, December 13, 2022 –TruFund Financial Services (TruFund), is proud to announce and welcome, Monica Edwards to our Leadership Team as the Senior Vice President, Director of the Empowerment Reinvestment Fund, New Markets Tax Credit platform. As a member of the senior leadership team, Edwards will report directly to the Chief Executive […]
TruFund Financial Services, Inc. Among Allocatees with a $35 Million In New Markets Tax Credit Award by United States Department Of Treasure Community Development Financial Institutions Fund
New York, NY – November 1, 2022 –TruFund Financial Services, Inc. announces today, it has been selected by the Community Development Financial Institutions Fund’s (CDFI Fund) to receive $35 million in New Markets Tax Credit (NMTC) to attract private capital investment into rural and underserved communities. The announcement by the United States Department of Treasury was […]
Community Preservation Corporation and TruFund Financial Services Close on Equity Investment with Infinite Horizons, LLC
New York, New York, November 1, 2022 – The Community Preservation Corporation (CPC), a nonprofit multifamily finance company, and TruFund Financial Services (TruFund), a nonprofit that provides affordable loan capital to small businesses and nonprofits, today announced that it has made an equity investment in Infinite Horizons, LLC, which specializes in the development and management […]
TruFund and Economic Development Administration Partner To Offer Low Cost Loans
New Orleans, LA – September 7, 2022 – TruFund Financial Services, Inc. (TruFund) a Community Development Financial Institution (CDFI), today announces partnership with the Economic Development Administration to offer low-cost loans to small business owners in targeted geography. TruFund is now accepting applications for its Back To Business Loan Sale for small business owners located […]
Local CDFIs Launch Collaboration with Entrepreneurs of Color Fund in New Orleans, Louisiana
June 30, 2022, NEW ORLEANS, LA – Today, local community development financial institutions (CDFIs) NewCorp, Inc. and TruFund Financial Services, Inc. announce a new collaboration with the Entrepreneurs of Color Fund (EOCF) aimed at expanding access to capital and other resources to minority owned businesses in the crescent city. The EOCF is a program managed […]
TruFund Financial Services, Inc. Launches New Real Estate Acquisition Program (RAP) Aimed at Helping BIPOC Business Owners Overcome Barriers to Commercial Real Estate Ownership
New York, NY, March 17, 2022 —TruFund Financial Services (TruFund), a nonprofit that provides affordable loan capital to small businesses and nonprofits, announced the launch of their new real estate acquisition program (rap) aimed at helping Black, Indigenous and People of Color (BIPOC) overcome barriers to owning real estate such as the traditional percentage required […]
