Redbud Celebrates Grand Opening of New Hazard Office
Supporters Attend Ribbon Cutting Ceremony
HAZARD, Ky. (Jan. 14, 2026) — Redbud Financial Alternatives celebrated the grand opening and ribbon cutting of its new permanent office location at 825 High Street in Hazard on Wednesday, Jan. 14, at noon, marking an important milestone in the organization’s mission to expand access to safe, affordable financial services across Eastern Kentucky.
The ribbon cutting was held in partnership with the Hazard-Perry County Chamber of Commerce and drew a strong turnout of community partners, local elected officials, nonprofit leaders, and supporters. Attendees included City of Hazard Mayor Happy Mobelini, Perry County Judge-Executive Scott Alexander, representatives from state and federal offices, economic development leaders, and regional nonprofit partners.
Redbud Financial Alternatives is a certified Community Development Financial Institution (CDFI) and an affiliate of Housing Development Alliance, Inc. (HDA). Since its founding in 2016, Redbud has provided fair and responsible lending options to individuals who often lack access to traditional financial institutions.
“Redbud is excited to move into our permanent location, which gives our community easier and more consistent access to our services,” said James Caudill, Managing Director of Redbud Financial Alternatives. "Since 2016, Redbud has served more than 750 borrowers, deployed over $5.1 million in affordable loans, and helped our clients save more than $1.7 million in interest and fees they would have otherwise paid to predatory lenders. We are deeply grateful for the overwhelming community support demonstrated by the strong attendance at today’s ribbon cutting.”
The new office strengthens Redbud’s ability to serve residents and workers throughout Perry, Breathitt, Knott, Leslie, and surrounding counties by providing a centralized, accessible space for lending, financial coaching, and community engagement.
Scott McReynolds, Executive Director of Housing Development Alliance, Inc., praised the milestone as a reflection of both impact and partnership.
Redbud’s work is supported by key partners and funders, including the Mountain Association and the Opportunity Finance Network, whose investments help strengthen community-based financial solutions across the region.
About Redbud Financial Alternatives, Inc.
Primarily serving those who live and/or work in Breathitt, Knott, Leslie, Perry, and surrounding counties in East Kentucky, Redbud Financial Alternatives is a certified Community Development Financial Institution (CDFI) organized to foster, facilitate, and promote community and economic development among underserved and economically distressed communities. Redbud builds financial capability by offering fair, responsible lending and financial education. Redbud Financial Alternatives is a 501(c)(3) nonprofit organization. For more information, visit redbudloan.org
About Housing Development Alliance, Inc.
Serving Breathitt, Knott, Leslie, and Perry counties, the Housing Development Alliance (HDA) is a nonprofit affordable housing developer that serves as lender, counselor, developer, and contractor for low-income persons in need of housing assistance. HDA works with federal, state, local, and private-sector partners to help individuals overcome barriers to housing and financial stability. For more information, visit www.hdahome.org
