Introduction

Peek behind the curtain of Appalachian economic development and meet a key player making waves in local communities. This article spotlights the Appalachian Opportunity Fund (AOF), a nonprofit powerhouse driving positive change through strategic investments and support programs.

Learn how AOF:

• Empowers small businesses with low-interest loans
• Expands access to affordable housing
• Leverages major grants to maximize community impact
• Earns glowing reviews for its professionalism and dedication

Delve into AOF's history, mission, and tangible results as we explore how this Johnson City-based organization is reshaping the economic landscape of Northeast Tennessee and Southwest Virginia. Discover the faces behind the fund and the lives they're changing through targeted financial opportunities.

What is the Appalachian Opportunity Fund?

The Appalachian Opportunity Fund (AOF) is a non-profit community development financial institution (CDFI) based in Johnson City, Tennessee. Founded in 2001, AOF is dedicated to creating economic opportunities for low- and moderate-income residents in 13 counties across Northeast Tennessee and Southwest Virginia. They achieve this through strategic investments in affordable housing, small businesses, and various community development projects.

When discussing influential organizations making a difference in Appalachian communities, the Appalachian Opportunity Fund (AOF) stands out as a crucial player. Based in Johnson City, Tennessee, this nonprofit organization serves as a community development financial institution (CDFI), focusing its efforts on affordable housing, small businesses, and various community development projects.

Founded in 2001, the Appalachian Opportunity Fund has etched its name among the key institutions driving economic improvements in the region. With a robust budget of over $50 million and a dedicated team of more than 30 employees, they are committed to enhancing the quality of life for low- and moderate-income residents across 13 counties in Northeast Tennessee and Southwest Virginia.

How the Appalachian Opportunity Fund Makes a Difference

The primary goal of AOF is to foster economic opportunities within the Appalachian community. By making strategic investments, particularly in economic and housing development, the Fund supports small enterprises and expands access to affordable housing. This not only empowers local individuals but also strengthens the community fabric itself.

The Appalachian Opportunity Fund operates with tangible support initiatives, such as receiving grants from major entities like the U.S. Department of Housing and Urban Development (HUD), which bolster their funding capabilities and allow them to assist developers and homeowners more effectively.

Moreover, AOF's Small Business Loan Program stands as a cornerstone of their operation. By providing low-interest loans, the fund empowers entrepreneurs, enabling them to build and expand their ventures, which subsequently contributes to the regional economy.

Celebrating Community Impact

The Appalachian Opportunity Fund is highly regarded for its impact, which is reflected in the glowing reviews it receives. Many appreciate the professionalism and dedication of the organization, emphasizing its role as a valuable resource for small business owners seeking financial aid and guidance.

One testimonial emphasizes, "Appalachian Opportunity Fund is a great organization that is doing important work in the community. They are committed to helping people achieve their goals and improve their lives." Another beneficiary shares, "I have been working with AOF for over 10 years and have always been impressed with their professionalism and dedication to the community."

Through its ongoing projects and community engagement, AOF continually demonstrates its commitment to making a significant difference. Whether by helping individuals through entrepreneurial initiatives or housing programs, the Appalachian Opportunity Fund remains pivotal in fostering sustainable development within the community.

For more information about their work or to see how you might get involved, you can visit their official site or head to their offices, strategically located in Johnson City, TN.

Company Snapshot: Appalachian Opportunity Fund

Organization Details

• Name: Appalachian Opportunity Fund
• Type: Nonprofit Organization, Community Development Financial Institution (CDFI)
• Founded: 2001
• Budget: Over $50 million
• Employees: Over 30
• Service Area: 13 counties in Northeast Tennessee and Southwest Virginia

Contact Information

• Email: info@aofcoaching.net
• Phone: (423) 323-7419
• Physical Address:
  • PO Box 5526, Johnson City, TN 37602
  • 755 Riverview Dr, Ste 305, Johnson City, TN 37604
• Website: aofund.org

Mission and Services

Mission: Create economic opportunities and improve quality of life for low- and moderate-income residents in Appalachia.

Services Offered

• Affordable Housing
• Small Business Support
• Community Development Projects

Important Links

• Google Maps: Location
• Social Media: Links available on website

Operational Hours

• Monday to Thursday: 8:30 AM - 5:00 PM
• Friday: 8:30 AM - 12:00 PM
• Saturday & Sunday: Closed

Testimonials

Strong positive reviews highlighting community impact and organizational support in small business development.

Recent Updates

• Awarded a grant from HUD for affordable housing initiatives.
• Support for a new small business incubator in Johnson City.
• Open applications for 2023 Small Business Loan Program with low-interest loans available.

Design Notes

Scenic background design reflecting Appalachian natural beauty, emphasizing accessibility and support focus.

Navigation

Main Menu:

• About Us
• Our Approach
• Donate

This snapshot captures essential information, making it easy to learn about the Appalachian Opportunity Fund.