Day Air Credit Union Awarded $700,000 in U.S. Treasury CDFI Fund Grants
Kettering, Ohio, March 12, 2019 – The U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund has awarded Day Air Credit Union a $700,000 grant to further invest in the underserved communities of the Miami Valley.
Day Air will use the funds to more aggressively offer renovation loans and no money down mortgage loans to first-time buyers, Veterans and low-to-moderate income borrowers wanting to purchase homes in the Miami Valley.
Alongside its increased capacity to lend to low-to-moderate income borrowers, Day Air continues to move forward at improving overall financial wellness. The credit union is expanding their financial education and outreach programs, which reach thousands of underserved Miami Valley residents each year.
“We are honored to be recognized once again for our commitment to the Miami Valley’s underserved population,” said Day Air Credit Union President and CEO Bill Burke. “This grant will allow us to expand our financial services and offer more affordable loan products to our low-to-moderate income communities.”