Afforda

Afforda, through its subsidiary organizations provides single family and multi-family affordable housing and neighborhood revitalization.

Utah small business growth initiative (usbgi) is a limited liability company organized in the state of utah on june 11, 2012 for the purpose of creating jobs and stabilizing utah's neighborhoods by providing growing businesses with access to capital. Usbgi's program services include, a) providing early stage investment capital, b) facilitating loan guarantees to small businesses between financial institutions and the state of utah, and c) participating in loans alongside other financial institutions. To date, usbgi has been able to leverage approximately $8.5 million in funds to give small businesses access to approximately $50 million in capital to help grow their businesses. That capital was reported to have helped to create approximately 550 jobs and retain approximately 1,800 jobs. Capital has been made available to women-owned and minority-owned businesses in low-income and rural areas. Usbgi is a wholly-owned subsidiary of the nonprofit afforda. Afforda serves as an umbrella organization for several different entities in addition to usbgi.