COMMUNITY IMPACT STATEMENT

COMMUNITY IMPACT STATEMENT

To be submitted by a nonprofit loan applicant
CEDF is here to help improve the economic well-being of the communities we serve. We ask our borrowers to join us in this mission. Please read and answer "yes" or "no" to the below impact statements. Please write an explanatory statement for any section for which you answered "yes." Tell us how you and your business will contribute towards improving the economic environment of your neighborhood.
Job Creation: Will the loan create or retain jobs?

YesNo

If yes, how many jobs?

Community Participation: Have community-based groups (community development corporations, resident groups, etc participated in some aspect of the design of the loan proposal?

YesNo
If yes, describe participation.
Does it arise from or meet needs identified in any sort of community planning process? If yes, describe.
Community condition: Does you propose to use CEDF funds to improve the physical appearance of the community by rehabilitating a blighted structure, etc.?

YesNo
If yes, describe improvements.
Value added: Will your business provide an important community service that is currently unavailable in the area?

YesNo
If yes, describe service.
Leveraging opportunities: Will the financing for a portion of this project come from sources other than CEDF?

YesNo
If yes, describe sources and investment.
Economic base: Will the marketing strategy draw new dollars from outside into the community to increase the economic base of the neighborhood?

YesNo
If yes, describe strategy.
Other characteristics you consider important for consideration.
Organization's Name
Authorized Representative Signature

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