Gateway CDFI Is Designated a Certified CDFI by the US Department of the Treasury

We are pleased to announce that Gateway Community Development Fund, Inc., a subsidiary of the St. Louis and Kansas City Equity Funds, has been designated a certified community development financial institution (CDFI) by the United States Department of the Treasury. The Community Development Financial Institutions Fund, a branch of the Treasury, awarded the certification. Gateway promotes community development in economically distressed neighborhoods by providing financial products, such as pre-development loans and mortgage loans secured by affordable housing properties. It also provides technical expertise in a range of related areas, such as construction management and guidance in seeking other sources of financing. This certification brings with it more access to capital for the Gateway Fund which, in turn, will be leveraged to provide assistance in the area’s distressed communities. These services will augment the activities of the Equity Fund throughout the state of Missouri. Gateway supports both rental housing developments and homeownership opportunities as well as other forms of community development. For more information regarding Gateway, please contact Erica Dobreff at email hidden; JavaScript is required.