July 6, 2017
Adelante Phoenix is a partnership of four community development financial institutions (CDFIs) that were awarded $6 million through PRO Neighborhoods, a grant program of JPMorgan Chase & Co. that seeks to identify and support solutions to the problems of inequality and disadvantaged neighborhoods. The Adelante Phoenix collaboration grew out of a broadbased coalition of civic organizations, institutions, and government agencies to promote environmentally and socially beneficial transportation systems in the Phoenix metropolitan area. By financing a wide range of loans and programs, Adelante Phoenix pursues equitable transit-oriented development that supports the low-income people and places situated along metropolitan Phoenix’s new light-rail transit system.
Read Full Document: