The 614 for Linden is a collaborative named for six nonprofits partnering with four community development financial institutions (CDFIs) to have a positive and significant impact on one Columbus neighborhood, Linden. Its mission is to create and preserve affordable housing and commercial development, provide access to capital for small businesses, and offer health services to residents.
The 614 for Linden recently received a $5 million grant as a national winner of JPMorgan Chase’s PRO Neighborhoods initiative. As the award recipient and lead CDFI, Ohio Capital Finance Corporation (OCFC) intends to develop and structure a $20 million loan pool in partnership with three other CDFIs: Affordable Housing Trust of Columbus and Franklin County, Finance Fund Capital Corporation and Economic Community Development Institute.
This initiative responds to the One Linden Community Plan proposed by the City of Columbus that reported on the challenges that this diverse and energetic area faces, and proposed “big ideas” that could transform the quality of life for its citizens.
“OCFC is grateful to JPMorgan Chase for recognizing this collaboration as a model in leveraging capital that responds to the desires of the community and its residents,” said Jonathan Welty, President of OCFC. “Together we will create an equitable, opportunity-rich neighborhood for the current residents of Linden.”
To review the press release for the announcement of The 614 for Linden, click here.
For additional information, please email The614forLinden@gmail.com.