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Blog
News

Four Ways Non-Bank Lenders Can Help Banks

Craft3

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June

2021

Four Ways Non-Bank Lenders Can Help Banks
Blog
News

Murdock trust helps local maritime, economic projects

The Astorian

Craft3

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May

2021

The M.J. Murdock Charitable Trust has awarded grants to a historic vessel restoration by the Columbia River Maritime Museum and new lending staff for Craft3 to help underserved entrepreneurs.
Blog
News

Ko-Kwel Wellness Center: A Home for Healing

Craft3

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March

2021

Ko-Kwel Wellness Center: A Home for Healing
Blog
News

Using New Markets Tax Credits to Build a Home for Healing for the Coquille Indian Tribe

Stanford Social Innovation Review

Craft3

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February

2021

Twenty years ago, NMTC began transforming underserved communities. While some question the federal program’s impact, one rural Oregon tribe has made them a cornerstone of better health and cultural restoration.
Blog
News

Giving Billions Fast, MacKenzie Scott Upends Philanthropy

The New York Times

Craft3

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December

2020

Through a streamlined operation, Ms. Scott has given $6 billion this years, much of it to small charities and nonprofits.
Giving Billions Fast, MacKenzie Scott Upends Philanthropy
Blog
News

384 Ways to Help

Medium

Craft3

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December

2020

This pandemic has been a wrecking ball in the lives of Americans already struggling. Economic losses and health outcomes alike have been worse for women, for people of color, and for people living in poverty.
Blog
News

MacKenzie Scott gives away $4.1 billion to 384 organizations, including 5 Washington state groups

The Seattle Times

Nicole Brodeur

Craft3

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December

2020

MacKenzie Scott, the philanthropist, author and former wife of Amazon founder Jeff Bezos, announced Tuesday that she has given away $4.1 billion in the past four months to 384 organizations, part of a giving pledge she announced last year.
MacKenzie Scott gives away $4.1 billion to 384 organizations, including 5 Washington state groups
Blog
News

MacKenzie Scott Makes Catalytic $10 Million Gift to Craft3

Carl Seip

Craft3

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December

2020

SEATTLE, Wash. – Craft3, a Community Development Financial Institution (CDFI) in the Pacific Northwest, announced today that it has received an extraordinary $10 million grant from author and philanthropist MacKenzie Scott. The gift will support Craft3’s critical work in building resilient communities across Oregon and Washington.
MacKenzie Scott Makes Catalytic $10 Million Gift to Craft3
Blog
News

JPMorgan Chase awards $5 million to three Portland CDFIs

Portland Business Journal

Craft3

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October

2020

Three local nonprofits have received a $5 million, three-year grant from JPMorgan Chase that will be used to address ongoing disparities in housing and small-business lending, part of the New York-based bank’s $500 million, five-year economic opportunity initiative called AdvancingCities.
Blog
News

Craft3 works to finance unconventional borrowers

Spokane Journal of Business

Craft3

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June

2020

In a time like this, the value of the nonprofit Craft3 can’t be underestimated, claim two of the organization’s Spokane employees. Craft3 specializes in lending to businesses and people who can’t secure funding from conventional sources.
Blog
News

Coquille Tribe to expand local care access with new wellness center

The Bandon Western World

Craft3

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April

2020

The Coquille Indian Tribe has begun construction of Oregon’s first tribal health center offering services to the general public.
Blog
News

7 organizations at the front lines of COVID-19 response in Oregon

Portland Business Journal

Craft3

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April

2020

As the impacts of the COVID-19 crisis are felt around the state, nonprofits serving vulnerable populations and providing critical loans to small businesses are getting timely, home-grown support.
Blog
News

$20 million substance abuse treatment center coming to Keller

The Star

Craft3

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February

2020

The tribes announced Feb. 3 that a $20 million, 32-bed treatment center will be located in Keller, facilitated by tax credits to two companies investing in the project.
Blog
News

Fort George to revive canning at Astoria Warehousing

The Astorian

Craft3

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October

2019

After purchasing the 5-acre campus for $8 million last week, Fort George Brewery co-owners Chris Nemlowill and Jack Harris are looking forward to an expansion they hope will add lots of beer and 35 manufacturing jobs over the next five years.
Blog
News

Craft3 gets $50 million for projects in low-income areas

Portland Business Journal

Craft3

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May

2019

The nonprofit lender Craft3 has received $50 million in federal New Markets Tax Credits to help fund community and economic development projects in low-income census tracts.
Blog
News

Nonprofit sees new life at Astoria Armory

The Astorian

Craft3

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December

2018

After nearly five years of excising the Armory’s buried environmental demons with the support of financial lender Craft3, Friends of the Astoria Armory last week took possession of the building, beginning a new chapter of its renovation into a modern performance venue.
Blog
News

Commerce grants $3 million from Clean Energy Fund to Nonprofit Lenders

Washington State Department of Commerce

Craft3

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September

2018

Craft3, Puget Sound Cooperative Credit Union and Washington State Housing Finance Commission revolving loan funds encourage home renewable energy and heating projects; commercial and industrial energy efficiency retrofits, clean tech manufacturing, electric vehicles
Blog
News

Northwest School of Wooden Boatbuilding offers new programs to answer need in trades

Peninsula Daily News

Craft3

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April

2018

The Northwest School of Wooden Boatbuilding has launched new programs to address the region’s need for skilled marine systems technicians, according to Executive Director Betsy Davis.
Blog
News

High Desert Biomass Cooperative Buys Heating System

Burns Times-Herald

Craft3

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November

2017

HDBC signed the papers to buy out the co-op formed several years ago by Wisewood Energy and Harney Community Energy to provide sustainable heating to Harney County School District, the Harney County Courthouse, and Symmetry Care.
Blog
News

So long, Sugar Shack: Affordable housing planned at Living Cully Plaza

Street Roots

Craft3

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November

2017

Hacienda CDC, a nonprofit affordable housing developer, has announced it will build 150 units of affordable housing in the housing-starved Cully neighborhood – all on a site better known for a notorious strip club.
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