Watch a short video about the Woodlands Development Group Project.
Spotlight On ACC & Our Members
In March, Woodlands Community Development Lenders, an ACC member, closed on $16 million in financing to restore the historic Tygart Hotel in Elkins, West Virginia. The six-story, 42,000-square foot development in the heart of Elkins' Historic District is expected to provide an anchor for downtown businesses and have a significant catalytic effect on the city’s downtown development strategy in this community of 6,900. This complex transaction involved public, private, and nonprofit financing partners and multiple types of tax credit equity, all of which were needed to overcome the capital access challenges faced by so many rural communities.   READ MORE
This article highlights how ACC and our members have leveraged COVID-19 related funding from ARC to help thousands of Appalachian businesses survive and thrive during the pandemic. It features projects from Bridgeway Capital, Access to Capital for Entrepreneurs, Southeast Kentucky Economic Development Corporation, Alternatives Federal Credit Union, South Carolina Community Loan Fund, CommunityWorks, Kentucky Highlands Investment Corporation, and Mountain BizWorks. READ MORE
Funding Opportunities
This $50 million program seeks to support the next level of growth for CDFIs across the U.S., soliciting breakthrough innovations from nonprofit organizations working to advance the field of community finance in four key areas: human capital and talent development; financial and risk-sharing models; technology and operational efficiencies; and thought leadership and research. Deadline to submit ideas: May 24 at 4 pm ET  APPLY HERE
This program provides loans and grants to Microenterprise Development Organizations to help microenterprises start up and grow through Rural Microloan Revolving Funds and provides training and technical assistance to microloan borrowers and micro entrepreneurs. Application Deadline: Open APPLY HERE
These grants are for local nonprofits and community groups to support time-limited projects to acquire, upgrade, and maintain physical assets such as property, buildings, technology, or equipment. The next round of grants will be offered in mid-2022 and more information will be available this spring.  APPLY HERE
Upcoming Events
Rural Talks Broadband & Infrastructure,
May 10-11, 2022
Rural Talks Housing, Summer 2022
Rural Talks Workforce & Small Business, Late 2022
Virtual or in-person in Washington, DC
This three-part event will bring together thought-provoking content and dynamic speakers to explore this historic moment for rural advancement, when billions in public dollars are making important investments in broadband and infrastructure, housing, and workforce and small business possible. The series will align with Rural LISC’s key investment pillars with special consideration of the overall impacts of climate change on Rural America.
May 23-24, 2022
USDA and the University of Kentucky are working together to expand access to placemaking resources that will create more livable and vibrant communities for people in rural America. The virtual workshop will connect local leaders across the nation with placemaking experts, funding organizations, and examples of successful placemaking strategies. The University of Kentucky will also be launching a digital toolkit featuring technical assistance providers, funding organizations, planning guides, and other placemaking resources. 
News Articles & Reports
(202) 547-5155