Formula Grant 15158PA079N2031

The Department of the Treasury's Community Development Financial Institutions Fund awarded $156,174 under the Small Dollar Loan Program (CFDA 21.025) to Checkspring Community Corporation. The award will enable the certified Community Development Financial Institution to establish a loan loss reserve and receive technical assistance to develop and maintain a small dollar loan program. Through this initiative, Checkspring Community Corporation aims to increase access to affordable capital and...

The Department of the Treasury's Community Development Financial Institutions Fund awarded Clearinghouse Community Development Financial Institution $1.8 million under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) from June 2021 through December 2023. The CDFI RRP grant aims to support Community Development Financial Institutions' ability to respond to the economic impacts of the coronavirus pandemic by preparing for and responding to related...

The Department of the Treasury Community Development Financial Institutions Fund awarded $255,000 under the Small Dollar Loan Program (CFDA 21.025) to Checkspring Community Corporation on September 23, 2021. Through this Project Grant, Checkspring will establish a loan loss reserve and provide technical assistance to enable small dollar lending to underbanked populations through 2024. Specifically, the grant funds will defray costs of maintaining a small dollar loan program and support...

This $250,628 federal Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Small Dollar Loan Program (CFDA 21.025) enables Checkspring Community Corporation, a certified CDFI, to establish and maintain small business loan programs. The grant funds will support loan loss reserves and technical assistance, allowing Checkspring to provide affordable small dollar loans as alternatives to high-cost options, and help unbanked...

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $157,505 Project Grant under the Small Dollar Loan Program (CFDA 21.025) to Cooperativa De Ahorro Y Credito De Salinas (Salicoop), a minority-owned, woman-owned, and Hispanic American-owned non-profit CDFI. This grant, awarded on April 16, 2024, enables Salicoop to establish and maintain small business loan programs that provide affordable alternatives to high-cost small dollar loans. The...

The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Locus Impact Fund $1,826,265 under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) from June 15, 2021 through December 31, 2023. The CDFI RRP aims to support Community Development Financial Institutions' (CDFIs) ability to address the economic impacts of the coronavirus pandemic in their communities. Under this award, Locus Impact Fund will deploy...

The Department of the Treasury's Community Development Financial Institutions Fund awarded $271,988 under the Small Dollar Loan Program (CFDA 21.025) to Cooperativa De Ahorro Y Credito De Barranquitas, doing business as Credicentrocoop, on September 27, 2022. The award will provide grant funds through December 31, 2025 to establish and maintain a small dollar loan program. Specifically, the grant includes funds for loan loss reserves and technical assistance to enable the certified Community...

The Department of the Treasury's Community Development Financial Institutions Fund awarded a $125,000 Project Grant under the Community Development Financial Institutions Program (CFDA 21.020) to Salicoop, doing business as Cooperativa De Ahorro Y Credito De Salinas, to provide technical assistance services from September 16, 2021 through December 31, 2023. The goal of this funding is to build the organizational capacity of certified and emerging Community Development Financial Institutions...

Checkspring Community Corporation received a $3.7 million project grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to expand lending, grant-making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. The award, made on April 10, 2023, will support Checkspring's small dollar lending program through December 31, 2028 by funding technology, staffing,...

This $1,735,000 federal Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) was provided to Locus Impact Fund, a certified CDFI and community development corporation based in Richmond, Virginia. The grant, awarded on September 26, 2024, will support Locus Impact Fund's efforts to deliver financial products, services, and technical assistance that promote economic revitalization and community development in...