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    First Community Capital, Inc. certified as a Community Development Financial Institution

    Jay Diallo, CEO and Founder of First Community Capital, Inc. welcomes certification as the first and only Community Development Financial Institution (CDFI) located in Southwest Riverside County.  First Community Capital serves Southern California and Arizona.

     

    (Inland Empire, Calif.)  The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has certified First Community Capital, Inc. as the first and only Community Development Financial Institution (CDFI) located in Southwest Riverside County.  First Community Capital serves Southern California and Arizona.

    Community Development Financial Institutions play an important role in generating economic growth and opportunity in some of our nation’s most distressed communities. By offering tailored resources and innovative programs that invest federal dollars alongside private sector capital, the CDFI’s take a market-based approach to supporting economically disadvantaged communities.

    CDFI’s can loan money at very attractive rates to help people buy homes, and small businesses.

    First Community Capital helps low – and moderate-income entrepreneurs who lack sufficient training and education to gain access to capital, thereby delivering long-term economic  strength to communities while helping small businesses become more resilient.

    “We often lend to borrowers that may not meet mainstream institutions’ underwriting criteria, helping to bridge the gap between conventional lending standards and the needs of hard-to-reach borrowers,” said Diallo.

    Before starting First Community Capital in 2019, Diallo was Vice President – Community Development Lending Officer at Pacific Premier Bank in Irvine, CA.  He also served as Executive Director – PPEP Microbusiness & Housing Developing Corporation (PMHDC), in Tucson, AZ.

    Diallo earned undergraduate at bachelor’s degree in political science with a Minor in Economics, from Westmont College in Santa Barbara.  He also earned a graduate degree in Banking from Pacific Coast Banking School in Seattle, WA.  His fields of emphasis included: Credit and Enterprise Risk Management, Bank Financial Statements, Bank Financial Tools, Dynamic Leadership, Analysis of Business Conditions, Sales and Marketing.

    First Community Capital is a nonprofit 501(c)3 organization and a certified CDFI governed by an independent board of directors. The board provides fiduciary and organizational oversight, ensuring it achieves its mission of growing businesses and strengthening underserved communities in California and Arizona. The directors are responsible for approving all lending policies and procedures as well as reviewing the financial and programmatic performance of the agency.

    For more information on First Community Capital, Inc. go to https://www.fccbi.org or call (951) 249-5767

    Board of Directors

    Jay Diallo, Chairman, President & CEO

    First Community Capital, Inc.

    Mark Davis, Vice President-BDO-PM 
    Canyon Community Bank

     

    Vincent McCoy, Vice President 
    Riverside County Black Chamber of Commerce

     

    Fatimoh Muhammed

    President & CEO – Wamufat International

     

    First Community Capital Locations

     California Locations

    Southwest Riverside County

    26111 Ynez Rd. Suite B30

    Temecula, CA 92591

     

    Inland Empire

    2060 Chicago Ave. Suite A13

    Riverside, CA 92507

     

    Los Angeles County

    879 W 190th St. Suite 400

    Gardena, CA 90248

     

    Southern Arizona Market

     

    Pima County

    8321 E Broadway Blvd #103

    Tucson, AZ 85710

     

    Maricopa County

    1510 W McDowell RD #4

    Phoenix, AZ 85007

     

    Yuma County

    8321 E Broadway Blvd #103

    Tucson, AZ 85710

     

    About First Community Capital Inc.

    Established in 2019 as an economic development nonprofit agency, First Community Capital has already made significant contributions in helping entrepreneurs to start and grow their small businesses. In leveraging our network of bankers, community development organizations and leaders, we have provided training, seminars, and workshops to about 200 small business entrepreneurs. We strongly believe that with each business financed and each job created and or retained, it represents a critical step in the transformation of a life, a family, and a community.

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    FREE Foreclosure Prevention and First Time Home Buyer Workshop

    Don’t miss the free Foreclosure Prevention and First Time Homebuyers Workshop and individual councilors on site to help homeowners in distress keep their homes with the best home insurance companies . With realtors and lenders to help the homebuyers benefit from the lowest interest rates in home insurance calculator and home prices in 20 years.

    For Immediate Release
    September 12, 2012                                                                              FHLB-PR-121.4 Stockton Media Alert WO

    What:              FREE Foreclosure Prevention and First Time Home Buyer Workshop
    Who:               The Federal Home Loan Bank of San Francisco, with:

    • Federal Reserve Bank of San Francisco
    • Bank of America
    • Central Valley Realtist Association
    • Chase Bank
    • Clearpoint Credit Counseling Solutions
    • Greater Sacramento Urban League
    • Lodi Association of Realtors
    • NeighborWorks® Stockton
    • NID Counseling Agency
    • Special Congressional Guest

    Why:               Foreclosure retention workshop and individual councilors on site to help homeowners in distress keep their homes.  Realtors and lenders to help the homebuyers benefit from the lowest interest rates and home prices in 20 years.
    Where:            Lincoln High School, 6844 Alexandria Place, in Stockton
    When:              Saturday, September 29.  Registration at 9:30 am event 10 am to 4 pm
    Bring:         Attendees are asked to bring copies of the following documentation:

    ■       Pay stubs for the most recent 2 pay periods
    ■       2011 tax return, including W-2
    ■       A copy of your homeowner’s insurance policy
    ■       Hardship letter (in your own words)
    ■       Bank statements for the most recent 2 months
    ■       A list of your monthly expenses
    ■       A utility bill
    ■       Most recent mortgage statement
    ■       Any other related correspondence
    ■       Self-employed individuals must also provide bank statements for the most recent 4 months; a 2010 or 2011 tax return; and YTD profit and loss statement.

    Contact:  Kevin Blackburn, 415.616.2572, blackbur@fhlbsf.com

    About the Federal Home Loan Bank of San Francisco


    The Federal Home Loan Bank of San Francisco delivers low-cost funding and other services that help member financial institutions make home mortgages to people of all income levels and provide credit that supports neighborhoods and communities. The Bank also funds community investment programs that help members create affordable housing and promote economic development. The Bank’s members are headquartered in Arizona, California, and Nevada and may include commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions.

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