June 18, 2018

Nonprofit Notebook — June 18, 2018

A Wells Fargo & Co.-administered small business program that aims to spur minority business growth has awarded $850,000 in funding to the Hartford Community Loan Fund.

HCLF, a community development nonprofit that rehabilitates blighted housing and supports economic development in city neighborhoods, will receive $350,000 in grants and $500,000 in lending capital to support diverse small business owners in the Hartford region, officials said.

HCLF is among 13 community development financial institutions across the nation that were selected to receive part of $12.1 million in lending capital and grants under the Wells Fargo Diverse Community Capital (DCC) program.

Recipients are private, nonprofit financial institutions that provide financial services to low-income populations.

In 2017, the DCC program awarded nearly $284 million in loans to small businesses. The program began in 2015.

Bank of America was the presenting sponsor for the CT Coalition to End Homelessness' Annual Training Institute, a capacity-building event for organizations working to prevent and end homelessness. Bank of America awarded CCEH a $10,000 grant earlier this year to further support its mission.

Harvard Pilgrim Health Care Foundation awarded $1,250 in community spirit grants to three local nonprofits: Bunker Hill Sports Association Inc., Waterbury; Multiple Myeloma Research Foundation, Norwalk; and National Organization for Rare Disorders, Danbury.

The Farmington Bank Community Foundation donated $2,500 to Nutmeg Big Brothers Big Sisters for the creation of community-based mentoring relationships in the six-town Farmington Valley area.

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