The Catalytic Development Funding Corporation of Northern Kentucky is one step closer to reaching their $10 million goal thanks to a $1 million commitment from First Financial Bank. The CDFC and its investment fund are designed to serve as catalysts for the redevelopment of Northern Kentucky's urban cities.
First Financial Bank joins six other local companies in making major investments in the fund, which currently stands at $7.5 million. Once the corporation reaches its goal, it will begin lending to developers.
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