Sacramento, Calif. (April 16, 2024) – Today, the Economic Justice Fund was awarded a $199,276 grant by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund). The grant was made through the combined fiscal year 2023 and 2024 round of the Small Dollar Loan Program (SDL Program). The Economic Justice Fund …
Sacramento, Calif. (February 1, 2024) – Today, California State Treasurer Fiona Ma announced the inaugural round of grants under the $50 million California Investment and Innovation Program (Cal IIP) to 63 Community Development Financial Institutions (CDFIs), totaling $14.2 million. The Economic Justice Fund was awarded a $600,000 grant to expand our Equitable Opportunity Loan to …
Sacramento, Calif. (October 5, 2023) – The Economic Justice Fund (EJF), a nonprofit organization and Community Development Financial Institution (CDFI), is pleased to announce the appointment of Scott Berman as its inaugural Chief Executive Officer. With over two decades of professional experience in the community development finance industry and a demonstrated commitment to EJF’s mission, …
Sacramento, Calif. (September 17, 2023) – Today, the Economic Justice Fund (EJF) announced a significant milestone in its mission to foster a financial system that provides equal access to financing and opportunity for all Americans. The organization has just disbursed its 100th loan since its first full year of lending began in 2021. This milestone …
Sacramento, Calif. (July 5, 2023) – Today, the Economic Justice Fund (EJF) launched a new Credit-Building Initiative to empower its current and future borrowers financially. Establishing and building a good credit history is crucial in today’s economy. All EJF borrowers will benefit as their monthly loan payments become an opportunity to build positive credit history. …
Sacramento, Calif. (April 10, 2023) – Today, the Economic Justice Fund (EJF) was awarded a $500,000 grant by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund). The grant will enable EJF to expand its Lifeline Pandemic Recovery Initiative to support low-income borrowers who need financing to pay an emergency expense …
Sacramento, Calif. (October 4, 2022) – Today, the Economic Justice Fund (EJF) launched the Equitable Opportunity Loan to provide small dollar consumer loans to borrowers in California who have an urgent need for capital but are unable to access financing from traditional lenders. The Equitable Opportunity Loan offers access to fair and affordable loans for …
Sacramento, Calif. (September 27, 2022) – Today, the Economic Justice Fund (EJF) was awarded a $108,795 grant by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund). EJF will use the grant to launch its Equitable Opportunity Loan (EOL) to expand small dollar lending in California. The EOL will provide loans …
Sacramento, Calif. (September 1, 2022) – Today, the Economic Justice Fund (EJF) launched its Lifeline Pandemic Recovery Initiative to provide loans to low-income borrowers who are struggling to recover from the economic consequences of the COVID-19 pandemic and lack access to fair and affordable financing. The economic impact of the pandemic has been severe in …
Sacramento, Calif. (January 21, 2022) – Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) certified the Economic Justice Fund as a Community Development Financial Institution–or CDFI. In order to become a certified CDFI, an organization must demonstrate that it is a mission-driven financial institution dedicated to providing financial services …