Geddes Federal Makes $500K Local Investment


Geddes Federal Savings & Loan recently presented Home HeadQuarters with a $500,000 check as the inaugural investment partner in the non-profit organization’s Enterprise Fund. This unique fund, created by Home HeadQuarters, provides Geddes Federal (and others who want to participate) with an investment credit under federal CRA rules and offers HHQ the chance to direct those much needed dollars into its affordable housing development initiatives. The Enterprise Fund is considered an “EQ2” Investment, or equity-like investment as a Community Development Financial Institution (CDFI). HHQ retains the investment for 10 years and pay a quarterly dividend to the investor.

Home HeadQuarters is accepting investments in its Enterprise Fund. If interested in learning more, please email info@homehq.org.

In above photo: Geddes Federal Savings and Loan President & CEO Brian DuMond presents a $500,000 check to Home HeadQuarters’ CEO Kerry Quaglia for the organization’s Enterprise Fund. Also pictured: Home HeadQuarters’ Chief Operations Officer Shannon Fiumano and far right, Chief Financial Officer Tricia Bauer.