The Kresge Foundation is launching Kresge Community Finance, a $30 million program-related investment (PRI) finance offering available to two key organizational types working to expand opportunities for low-income people in America’s cities. The foundation will select applications through a competitive Request-for-Proposals (RFP) process. The RFP is open exclusively to certified Community Development Finance Institutions (CDFI) and quasi-public or private Development Finance Agencies (DFA). Funded projects will support work that aligns with Kresge’s six programs – Arts & Culture, Detroit, Education, Environment, Health and Human Services – and their strategic focus areas. Successful nonprofit applicants also will receive an equity grant, equivalent to 5% of the amount of PRI financing disbursed.