The Community Development Capital and Microlending programs seek to spur job creation and small business growth across the Commonwealth by lowering the barriers to capital access. These programs now use a combined RFP and application process.
The Community Development Capital program is a procurement of the Executive Office of Housing and Economic Development (EOHED), and Massachusetts Growth Capital (MGCC).
Through the program, the Commonwealth will provide matching and technical assistance grants to eligible nonprofit lenders, including certified Community Development Financial Institutions (CDFIs) and Community Development Corporations (CDCs). State funds will also enable these community-based organizations to leverage federal and/or private funds, for the purpose of extending credit to small businesses.
Proposals are being accepted From Aug. 27 through Sept. 27, 2019. The Microlending-CDFI Program FY2020 Program Application is found on this page.