Grant supports the expansion of Catalyst’s affordable and workforce housing developer training and funding program
ST. PETERSBURG, Florida – July 27, 2023 – The First Horizon Foundation has awarded a $10,000 grant to Catalyst Community Capital, a 501(c) 3 mission-based lender and certified Community Development Entity, to help the organization expand its affordable and workforce housing developer training and funding programs.
“We are extremely excited about our partnerships with Catalyst Community Capital,” stated Bryan Simmering, Market President for First Horizon Bank. “The work Catalyst does for affordable housing, real estate development entrepreneurship, and partnership with local municipalities to deliver vital programs is in alignment with First Horizon’s core values, and why we partner with organizations like Catalyst.”
“We rely on partnerships with organizations like the First Horizon Foundation and First Horizon Bank to further our mission of bringing access to capital, technical assistance, and other resources to underserved communities,” add Joseph Bonora, President of Catalyst Community Capital. “This grant will help our organization expand the reach and impact of our training and funding programs, which will lead to the development of new workforce and affordable housing, as well as the emergence of new developers focused on housing.”
Catalyst Community Capital, Inc. is a 501 (c)(3) with a mission to create jobs and improve the lives of those living in low- and moderate-income communities and under-served populations. Catalyst supports economic growth and revitalizes low-income communities by increasing the flow of capital to small businesses and mission-aligned developers and organizations. Catalyst provides loans from $100,000-5,000,000 and offers technical assistance and coaching to entrepreneurs. Visit www.catalystimpact.org or www.catalystcollege.org for more information.
About First Horizon Foundation
First Horizon Foundation is the private charitable foundation of First Horizon National Corporation. Founded in 1993 to serve the communities in which they operate, the Foundation has donated more than $100 million across their footprint. For more information, please visit www.firsthorizonfoundation.com or www.firsthorizon.com