Mission: To promote community and work-based economic development. The organization provides loans for community projects and technical assistance to housing & economic development projects that have a direct and measurable benefit to low income persons and contribute to social progress and economic development in the south central pennsylvania region.
Programs: During the year, community first fund closed 120 new business development loans to clients. The loan fund increased 12% in the fiscal year. The organization financed housing units for low and moderate income individuals. Through the organization's financing efforts, 850. 5 jobs were created or retained, 170 rental units, single family units and affordable housing units were developed or rehabbed and 327,978 square feet of business real estate was developed or rehabbed.
new markets tax credit program to date the organization was granted 90 million of new markets tax credit allocation from the us treasury. The organization has entered into agreements with investor members to fund fifteen new market tax credit projects throughout central and eastern pa.