Northern Kentucky real estate fund lands US Department of Treasury grant
A fund designed to boost real estate investments in Northern Kentucky has landed a sizable federal grant. According to a news release, the Catalyti...
A fund designed to boost real estate investments in Northern Kentucky has landed a sizable federal grant. According to a news release, the Catalytic Fund announced Monday that it received a $640,000 financial assistance grant from the US Department of Treasury's Community Development Financial Institution (CDFI) Fund. The Catalytic Fund is a CDFI-certified organization, which made it eligible for the grant. The grant will funnel into the fund's flexible capital pool, which the Catalytic Fund uses in conjunction with its investor fund to bring non-traditional growth capital to communities needing investment.