Formula Grant P425N200703

The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Apoyo Financiero, Inc. a $2,478,839 project grant under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA 21.033). The grant will support Apoyo Financiero's efforts to expand lending, grant making, and investment activity in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Funding will also enable the...

Impacto Fund Inc., a division of Hispanic Economic Development Corporation, was awarded a $200,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund. The grant was awarded under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) on June 15, 2021 to be completed by May 31, 2024. The CDFI RRP aims to support Community Development Financial Institutions' ability to address the economic impacts of the...

The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Universicoop, a minority-owned nonprofit community development financial institution (CDFI) in Puerto Rico, a $3.767 million grant under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA 21.033). The April 2023 award will support Universicoop's efforts to expand lending, grantmaking, and investment activities through June 2028 in low- and...

The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Cooperativa De Ahorro Y Credito De Santa Isabel a $6.2 million Project Grant under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA 21.033). The CDFI ERP provides grants to Community Development Financial Institutions (CDFIs) to respond to economic impacts of the COVID-19 pandemic by expanding lending, grant making, and investment activity in low-...

The Department of Education Office of Postsecondary Education awarded Oceanside College Of Beauty, Inc., doing business as Palomar Institute Of Cosmetology, a $147,743 Formula Grant under the Education Stabilization Fund (ESF) program. The ESF program aims to prevent, prepare for, and respond to the coronavirus COVID-19 pandemic in education. Funds likely supported COVID-19 related costs and services at Palomar Institute Of Cosmetology between April 2, 2021 and April 1, 2022, allowing the...

The Department of the Treasury's Community Development Financial Institutions Fund awarded Inclusive Action For The City $236,000 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' ability to address the economic impacts of the coronavirus pandemic in their communities. Through this funding, Inclusive Action For The City...

The Long Island Small Business Assistance Corp (LISBAC) received a $200,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA #21.024). The two-year award provides funding from June 2021 through December 2023 to support LISBAC's ability to assist small businesses on Long Island in preparing for and responding to the economic impacts...

The Department of the Treasury's Community Development Financial Institutions Rapid Response Program (CDFI RRP) awarded Ariel Economic Development Fund LLC $200,000 under the CFDA 21.024 program to support, prepare for, and respond to the economic impact of the COVID-19 pandemic. Per the award, the grantee may use funding for financial products, financial services, loan loss reserves, development services, and capital reserves (for regulated institutions only). Additionally, up to $30,000...

The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded $500,000 under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033) to Sustainable Communities Fund, a non-profit organization. The award will support Sustainable Communities Fund's efforts to expand lending, grant making, and investment activities through Dec. 31, 2028 in low- and moderate-income communities disproportionately impacted by...

The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded a $1.8 million Project Grant to Fresno Community Development Financial Institution (doing business as Access Plus Capital) under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA #21.024). The two-year award, made on June 15, 2021, will support Access Plus Capital's ability to respond to the economic impacts of the coronavirus pandemic by providing $1.8...