Press Release

TruFund Financial Services, Inc. Partners with Mayor Adams and SBS to Announce the Opening of Applications for a Historic $75M “Opportunity Fund” to Help Small Businesses Lead Pandemic Recovery

NEW YORK, January 23, 2023 – TruFund Financial Services, Inc. (TruFund), New York City Mayor Eric Adams and New York City Department of Small Business Services (SBS) Commissioner Kevin D. Kim today announced the groundbreaking creation of the $75 million NYC S...

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 in...

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 ...

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 ...

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...

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...

TruFund Joins CDFI Friendly Forth Worth Initiative

Fort Worth, TX – April 28, 2022 – TruFund Financial Services, Inc. (TruFund) a Community Development Financial Institution (CDFI), along with the City of Fort Worth, today announces partnership with new CDFI Friendly Fort Worth Initiative.  Formally launched i...

The Community Preservation Corporation and TruFund Financial Services, Inc. Launch $6 Million Joint Venture to Empower New York State BIPOC Housing Developers

 CPC-TruFund BIPOC Developers Equity Fund will invest equity capital and technical assistance to help emerging BIPOC housing developers grow their businesses New York, NY, October 18, 2021 — The Community Preservation Corporation (CPC), a nonprofit multifamily...

Lemor Development Group Receives Equity Investment from TruFund’s Impact Developers Fund to Accelerate Growth

New York, New York, October 14, 2021 – TruFund Financial Services, Inc. (“TruFund”), a Community Development Financial Institution located in New York City today announced that it has made an equity investment in Lemor Development Group, LLC, a Black-owned rea...