RVCDF

The Rainier Valley Community Development Fund is a self-sustaining, community-controlled financial institution that preserves and strengthens cultural diversity, long-term livability, and economic opportunity for Rainier Valley residents, businesses, and institutions... Rainier Valley Community Development Fund is a self-sustaining, community-controlled financial institution with loan designed to meet business owners needs... The early one-time spending by RVCDF produced results: the business mitigation program, completed in 2008, achieved an 85 percent success rate in helping businesses survive light rail construction. The light rail job training program, which ended in 2010, resulted in 68 residents completing vocational training and 76 residents placed in construction or construction-related jobs. Over 90 percent of program participants were ethnic minorities and women. In addition, RVCDF also established a portfolio of roughly $25 million in real estate and small business loans..

Also known as: Rainier Valley Community Development Fund, Rainier Valley Community Development Fund (RVCDF)

Primary location: Seattle United States