Hartford, CT -CT Trust for Historic Preservation Makes Investment in Capital for Change Capital for Change (C4C), a Hartford-based Community Development Financial Institution, has received a five-year, $200,000 capital investment from the Connecticut Trust for Historic Preservation. This funding will help finance the renovation of properties listed on the official National or Connecticut or local Registers of Historic Places, or any building placed into service prior to 1936, by bridging historic tax credits awarded to projects for these properties.
Capital for Change (C4C) is a Community Development Financial Institution (CDFI) with a 50-year history of providing more than $300 million in financing and technical assistance to preserve and create affordable housing for underserved populations, adopt energy efficiency and alternative energy measures to decrease costs and improve environmental impacts, and support small business development. C4C was created through merging three CT-based CDFIs in 2016 that was designed to increase capacity to better meet the needs of low-income persons and communities in CT by increasing affordable housing, creating jobs and improving the environment. Along with its growing financial support from banks, state and federal agencies and foundations, C4C seeks to expand on its successful, 30-year history of financial support from social impact investors.
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C4C closed on a $200,000 Line of Credit to the Connecticut Institute for Refugees and Immigrants (CIRI) in September. Formerly the International Institute of Connecticut, CIRI has worked for more than 100 years to provide services to refugees and immigrants who arrive to Connecticut.
The demolition, remediation, and construction of our new office is underway in earnest. We are excited to begin this next chapter - as our Bridgeport, Hartford, and New Haven offices will join together in one location.