WILMINGTON, Del., Oct. 24, 2013 /PRNewswire/ —

WHO:
Delaware Governor Jack Markell will join investors, developers, partners in the community development industry, sustainable community supporters, public officials, media, members of Delaware Community Investment Corporation (DCIC) and Great Lakes Capital Fund (GLCF).

WHAT:
Press conference to announce the merger between DCIC and GLCF followed by a celebration.

WHEN:
11 a.m. Wednesday, October 30, 2013

WHERE:
DoubleTree by Hilton Hotel Downtown Wilmington – Legal District
700 N. King St., Wilmington, DE 19801

DETAILS:
The lives of thousands of families, individuals and communities have been positively impacted by the critical investments made by both Delaware Community Investment Corporation and Great Lakes Capital Fund over the years. Now these two great organizations have come together to expand their organizational depth, regional footprint and, most importantly, their ability to reinvest.

The merger with DCIC presents GLCF with an exceptional opportunity to grow into new and different markets, to expand their business activity and thereby expand their ability to reinvest in the communities they serve. The two organizations believe that their collaboration makes sense as both seek to further a common mission and achieve mutually beneficial goals.

Delaware Community Investment Corporation serves as a vehicle for community revitalization by investing in housing and related activities designed to address the needs of low to moderate income persons and areas and to aggregate and coordinate the use of public and private resources to improve and expand community development throughout Delaware. For more information please visit http://www.dcicnet.org.

Great Lakes Capital Fund (GLCF) is a full service community development finance institution that has been in operation for 20 years and manages over $2.7 billion in the community redevelopment space. This includes successfully investing in over 500 affordable housing developments, representing 35,000 units, which have served over 60 thousand low to moderate income people. In addition to its housing investments, it is managing over $300 million of New Markets Tax Credits in economic development. GLCF also provides lending services through its role as a Fannie Mae Affordable Housing lender and FHA affiliations. For more information visit www.capfund.net.

Note to photo editors: The logo image is available for download here: http://m3group.biz/glcf/delaware_community_investment_corp_logo.png

CONTACT
Kristine Richmond
M3 Group
Kristine@m3group.biz
517.203.3333

SOURCE Great Lakes Capital Fund