On July 1, 2020, FINANTA merged with Community First Fund, a Pennsylvania-based CDFI dedicated to creating vibrant communities by increasing development of affordable housing units, enhancing access to food and healthcare resources, creating educational opportunities for all, and providing the funding for job-creating businesses to start up and grow.
A new leader. Dedicated to making change happen.
In early 2020, the board of directors for both FINANTA and Community First Fund approved the merger and that the two organizations will operate under the name of Community First Fund. They also named Daniel Betancourt as the President and CEO of the combined organization. Timing for the merger has allowed for a smooth transition, as Luis Mora, founder and president of FINANTA, retired on June 30, 2020 after 24 years of building and leading the organization.
“Working with FINANTA as a partner in Philadelphia made it clear that we can achieve much more in the market by joining forces,” says Dan. “Together we are stronger, and our combined resources can only increase the number of businesses and nonprofits we can serve in the future.”
A new look. A stronger organization to help you succeed.