Project Grant 201CM055145G

Award Date 2/22/21
Completion Date Not listed
Dollars Obligated $750K
Federal Grant Program
21.011
Assistance Type
Project Grant
Place of Performance
United States
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This $900,000 Project Grant award, provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020), aims to promote economic revitalization and community development through investment in and financial assistance to Community Development Financial Institutions (CDFIs). The funds will be used by the recipient organization, Grow South Dakota, to provide financial products, financial services, development services, loan loss reserves,...
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The Department of the Treasury Community Development Financial Institutions Fund awarded Grow South Dakota $750,000 on February 22, 2021 under the Capital Magnet Fund program (CFDA 21.011). This Project Grant will help create and preserve affordable housing for low-income families and economically distressed communities in South Dakota by attracting $750,000 in private capital. The Capital Magnet Fund program aims to support financing for the preservation and rehabilitation of affordable housing through competitive grants. Grow South Dakota will use the funding to deliver affordable housing products and services that attract private investment and support community development and revitalization efforts.

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