Each year, the Rise Collaborative Grant Program accepts Letters of Intent (LOIs) for the next year’s grant cycle. Local community development corporations (CDCs) serving St. Louis County, the City of St. Louis, Madison County, IL and St. Clair County, IL are welcome to apply when applications are available for submission in the fourth quarter of the calendar year.
Our Collaborative Grant Program focuses on providing financial resources coupled with technical assistance to build the capacity and sustainability of the best CDCs in the area. Participation in the program is by invitation only. If your organization is awarded a collaborative grant through Rise, we work with you to help finalize a budget for your awarded program as well as define roles of Rise staff for assistance throughout the duration of the grant. This means if your grant is approved, you get not just the financial award but Rise’s expertise to help implement your program and measure outcomes.
For information about the 2017 Collaborative Grant training click here.
Since 1998, the program has made over $2.9 million in operating support grants to 22 local organizations. In turn, these organizations have successfully developed over 1,200 homes and apartments, representing $288 million of new capital investments in St. Louis area neighborhoods.
Banks and financial institutions often want to establish partnerships that will meet all three Community Reinvestment Act (CRA) tests. Participating in Rise’s CDC Capacity Building and Collaborative Grant Program provides a Qualified Investment under the Investment Test, and serving on the Oversight Committee of Rise’s CDC Capacity Building and Collaborative Grant Program counts under the Service Test. Opportunities also may exist under the Lending Test.
Other CRA related benefits Include
- Potential opportunities to participate in financing development projects.
- Potential opportunities to offer new bank loans and services.
- Build relationships with current or new community partners.
- Stay informed of Rise-assisted development initiatives.
- Opportunities to leverage investment with other partners to have more sustainable impact on a community.
Oversight Committee Members come from the following organizations
BMO Harris Bank
Central Bank of St. Louis
Banks and financial institutions are not requirements for membership on the Oversight Committee. Foundations, businesses and other institutions are eligible to participate.
For more information, please contact:
Rick Bonasch, Director of Technical Assistance
314-333-7007 or email@example.com
Partnerships and Network Support
Our neighborhood-based partners benefit from the greater financial capacity and expertise we bring to development projects. The partners participate in the project ownership, have the opportunity to gain more hands-on experience in the development process and gain long-term financial sustainability.