{"id":4224,"date":"2025-07-10T18:38:28","date_gmt":"2025-07-10T18:38:28","guid":{"rendered":"https:\/\/www.mybrightpoint.org\/?p=4224"},"modified":"2025-08-07T13:49:54","modified_gmt":"2025-08-07T13:49:54","slug":"brightpoint-development-fund-completes-cdfi-recertification","status":"publish","type":"post","link":"https:\/\/www.mybrightpoint.org\/index.php\/brightpoint-development-fund-completes-cdfi-recertification\/","title":{"rendered":"Brightpoint Development Fund Completes CDFI Recertification"},"content":{"rendered":"<p><strong>July 7, 2025 |Fort Wayne, IN<\/strong> \u2013 Brightpoint Development Fund recently completed the Community Development Financial Institution (CDFI) recertification process through the U.S. Department of the Treasury.<\/p>\n<p>CDFI certification is the gold standard for mission-based lenders and is essential to Brightpoint Development Fund\u2019s continued ability to deliver affordable and alternative financing where traditional financial services are out of reach. Recertification enables Brightpoint Development Fund to maintain eligibility for U.S. Treasury CDFI Fund programs and to attract Community Reinvestment Act (CRA) funds, making it possible to help individuals, families, and entrepreneurs in our community overcome financial obstacles and achieve long-term stability.<\/p>\n<p>Brightpoint Development Fund is proud to be among the first organizations in Indiana to complete recertification under the Treasury\u2019s new guidelines, underscoring its commitment to financial inclusion and institutional accountability.<\/p>\n<p>Eric Ogle, Fund Manager for Brightpoint Development Fund led the recertification effort. \u201cRecertification as a CDFI ensures that we can continue serving our communities with flexible, affordable financial tools and resources,\u201d says Ogle. \u201cIt\u2019s more than a compliance milestone\u2014it\u2019s a reflection of our commitment to helping people achieve financial independence and supporting community-driven growth.\u201d<\/p>\n<p>The CDFI designation has been instrumental in Brightpoint Development Fund\u2019s ability to attract significant investment. It was a key factor in securing a $2.5 million grant from the City of Fort Wayne, a $500,000 investment from the Allen County\/Fort Wayne Capital Improvement Board, and a $2 million Equity Equivalent (EQ2) investment from Old National Bank.<\/p>\n<p>Founded in 2011, Brightpoint Development Fund, a subsidiary of Brightpoint, is a nonprofit organization that provides affordable business loans, financial education, and housing development services. It is a U.S. Small Business Administration (SBA) micro lender and a U.S. Department of the Treasury Community Development Financial Institution (CDFI.)<\/p>\n<p style=\"text-align: center;\"><em>Brightpoint is a private, 501(c)(3) nonprofit organization serving nearly 55,000 people across northeast Indiana each year. Through a wide range of programs, Brightpoint helps communities, families, and individuals remove the causes and conditions of poverty. All Brightpoint services are provided without regard to race, age, color, religion, sex, sexual orientation, disability, national origin, ancestry, or status as a veteran.<\/em><\/p>\n<p style=\"text-align: center;\">###<\/p>\n","protected":false},"excerpt":{"rendered":"<p>July 7, 2025 |Fort Wayne, IN \u2013 Brightpoint Development Fund recently completed the Community Development Financial Institution (CDFI) recertification process through the U.S. Department of the Treasury. CDFI certification is [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":3474,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[125],"tags":[128],"class_list":["post-4224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Brightpoint Development Fund Completes CDFI Recertification - Brightpoint<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.mybrightpoint.org\/index.php\/brightpoint-development-fund-completes-cdfi-recertification\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Brightpoint Development Fund Completes CDFI Recertification - Brightpoint\" \/>\r\n<meta property=\"og:description\" content=\"July 7, 2025 |Fort Wayne, IN \u2013 Brightpoint Development Fund recently completed the Community Development Financial Institution (CDFI) recertification process through the U.S. Department of the Treasury. 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