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Partnerships for Raising Opportunity in Neighborhoods (PRO Neighborhoods) is a $125 million, five-year initiative to provide communities with the capital and tools they need to support locally-driven solutions and address key drivers of inequality across the country.

JPMorgan Chase recognizes that thriving neighborhoods are critical to the long-term economic success of individuals, communities and cities. At a time when economic growth is often directed toward reviving commercial corridors and downtowns, many neighborhoods, families and small business owners are being left behind. Since several key barriers to economic mobility are rooted in neighborhood conditions, cities also need tailored, comprehensive strategies for economic growth that ensure opportunities to prosper are extended to distressed neighborhoods and the families that live there.

PRO Neighborhoods CDFI Competition

Next Competition will open in Q1 2019

The PRO Neighborhoods CDFI Collaborative Competition will make investments up to $5 million in community development financial institutions (CDFIs), nonprofit lenders that provide affordable financing to promote economic opportunity for underserved communities, to formally come together, pool their resources and expand lending for comprehensive, innovative financing strategies to close the opportunity gap in neighborhoods across the country.

Winners of the 5th PRO Neighborhoods Competition

Philadelphia, PA
$5 million award

  • Philadelphia Local Initiatives Support Corporation
  • Impact Loan Fund
  • Financing and Technical Assistance (FINANTA)
  • Community First Fund

Will support small businesses through capital and coaching, mixed-use property development and pathways to homeownership and affordable rental housing options. The mission is to layer community engagement, resident, entrepreneur and developer capacity building, and complementary CDFI products and services.

Fresno, CA
$5 million award

  • Central Valley Community Foundation
  • Fresno Community Development Financial Institution, dba Access Plus Capital
  • The Northern California Community Loan Fund
  • Opportunity Fund

Will lift Fresno residents and businesses out of poverty by turning local neighborhood organizations and minority-serving small business programs into pipelines for CDFI lending and technical assistance. They will tackle small business lending and provide capital for affordable housing and community-serving facilities.

Milwaukee, Wisconsin
$3.5 million award

  • Milwaukee Local Initiatives Support Corporation
  • Hmong Wisconsin Chamber of Commerce
  • Columbia Savings and Loan Association
  • Wisconsin Women's Business Initiative Corporation
  • Milwaukee Economic Development Corporation

Will launch a competitive process for small businesses and property owners to receive financial and technical assistance, activate blighted commercial properties and create commercial corridors to attract customers.

New Orleans, Louisiana
$1.1 million award

  • HousingNOLA
  • New Corp
  • Lift Fund

Will create a unified loan fund to provide a range of financing and training to increase the production and supply of affordable housing, while retaining the community’s culture. This includes working with small-to-medium, minority-and-women-owned construction contractors, property owners and developers.

Woodlawn Involuntary Displacement Strategy
Lead Partner: Chicago Community Loan Fund
Chicago, IL

Equitable Development in Southern Dallas
Lead Partner: Real Estate Council Community Fund
(TREC Community Fund)
Dallas, TX

STL Equitable Neighborhood Development Plan
Lead Partner: Rise Community Development
St. Louis, MO

An Equitable Housing Implementation Plan
for the Expansion of South Florida's Tri-Rail Coastal Link

Lead Partner: BHP Community Land Trust/South Florida Community Land Trust
South Florida, FL

Pathways Home: A Neighborhood-Based Inclusive
Development Plan for Uphams Corner

Lead Partner: Dorchester Bay Economic Development Corporation
Boston, MA

Capital Access Plan for Equitable Development in Southwest Philadelphia
Lead Partner: PIDC Community Capital
Philadelphia, PA

Seattle CID Building Rehabilitation
Financial Options Collaborative

Lead Partner: Chinatown International District Preservation and Development
Seattle, WA

Affordable Housing Preservation Planning Initiative
Lead Partner: Jubilee Park & Community Center Corporation
Dallas, TX

North Hartford Neighborhood Improvement Initiative
Lead Partner: Community Solutions International, Inc.
Hartford, CT

Planning for Equitable Development
Lead Partner: East Baton Rouge Redevelopment Authority
Baton Rouge, LA

PRO Neighborhoods Planning
Lead Partner: Local Initiatives Support Corporation (LISC) - Greater Newark
Greater Newark, NJ

Little Haiti Community Capital Plan
Lead Partner: Little Haiti Housing Association
Miami, FL

Planning for Small Business Lending Needs
in the San Diego Promise Zone

Lead Partner: Jacobs Center for Neighborhood Innovation
San Diego, CA

West End Neighborhood Revitalization Project
Lead Partner: Carolina Small Business Development Fund
Charlotte, NC

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