Justine petersen housing & reinvestment corp - MO
Ended Formula Grant Awarded
- Award ID
- SBAHQ24Y0075
- Recipient
-
Justine Petersen Housing And Reinvestment Corporation UEI ZX8EE8M3P3W5
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $1,492,057
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- St. Louis, MO, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded a $1,492,057 Formula Grant through its Microloan Program (CFDA 59.046) to Justine Petersen Housing and Reinvestment Corporation, a nonprofit Community Development Financial Institution (CDFI) based in St. Louis, Missouri. This award provides funding for Justine Petersen Housing to offer microloans up to $50,000 and accompanying technical assistance to support small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities in the St. Louis metropolitan area. The grant period is from July 1, 2024 to June 30, 2025. Justine Petersen Housing has a history of leveraging federal funding, including from the Treasury's CDFI Fund, to deliver a comprehensive suite of services aimed at promoting economic revitalization and community development through initiatives such as microloans, financial coaching, and microenterprise development.
Quick answers
Who received award SBAHQ24Y0075?
SBAHQ24Y0075 was awarded to Justine Petersen Housing And Reinvestment Corporation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0075 worth?
$1,492,057 has been obligated on SBAHQ24Y0075.
Which agency awarded SBAHQ24Y0075?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0075, with funding from Office of Capital Access (Small Business Administration).
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