Earlier this year, The Catalytic Fund
was certified as a Community Development Financing Institution, which made it eligible to apply for funding from the U.S. Department of the Treasury’s Community Development Financing Institution Program.
The Catalytic Fund recently received a $700,000 grant from the CDFI fund. It’s one of three Kentucky organizations and one of 123 across the nation to receive CDFI funds this year.
The money will be used for redevelopment efforts in Bellevue, Covington, Dayton, Ludlow and Newport, including $500,000 for seed money of a $2 million predevelopment fund.
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