In 2018, CoVantage was awarded a $776,500 Community Development Financial Institution (CDFI) grant to improve blighted business and real estate within the CoVantage charter area. The goal of this program is to revive business districts that have seen better days. Through this lending model, we hope to encourage more investment in downtown areas while creating jobs and make historic buildings compliant with current building codes. The long-term effects of this program do not only impact the member but also the rest of the area by raising property values.