Arlington, VA (February 26, 2025) - Rochdale Capital, a community development loan fund whose mission is to promote cooperative and community ownership; advance equity, diversity, and inclusion; and provide capital access in under-resourced communities, recently closed a $200,000 term loan and $150,000 working capital line of credit to Appalachian Field Services.
Appalachian Field Services (AFS), a subsidiary of WaterBottle Cooperative located in Baltimore, MD, is a Maryland Home Improvement Commission (MHIC) licensed construction social enterprise company committed to providing work and career advancement to individuals facing barriers to employment. AFS, along with Rising Housing, an impact real estate management firm work to acquire and renovate extremely distressed single-family homes in the western part of Baltimore.
AFS’s mission is to create a regenerative ecosystem that stimulates wealth generation within a targeted neighborhood, promotes cooperative ownership and values, and supports sustainable community development. By reinvesting profits into further property development and returning equity to community members, they ensure that the health, wealth and prosperity built by and for the neighborhood stays within the neighborhood.
“Working with Appalachian Field Services is a perfect fit for Rochdale Capital, stated John Holdsclaw IV, President and CEO. “Providing capital for the expansion of community ownership and asset building in under resourced communities is the foundation of our mission and we are proud to work with AFS in advancing their work in the communities they serve.”