This $667,900 three-year Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support Act! (Albany Community Together!), Inc.'s work to promote economic revitalization and community development. Through the Community Development Financial Institutions Program, which uses monetary awards and training to invest in and build the capacity of certified Community Development Financial Institutions, Act! will create jobs, build businesses, and...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $2,041,726 Project Grant to Act! (Albany Community Together!), Inc. on September 26, 2024. The grant, awarded under CFDA 21.020, aims to promote economic revitalization and community development by investing in and assisting certified and emerging CDFIs. Through this funding, Act!, a Black American-owned nonprofit organization and community development corporation, will provide comprehensive...
Act! (Albany Community Together!), Inc. received a $898,331 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to provide financing, lending, grant making, and investment activities to expand economic opportunity in underserved communities disproportionately impacted by COVID-19. As a Community Development Financial Institution, Act! will use the funding to support $898k in lending, grant making, and...
Act! (Albany Community Together!), Inc. was awarded a $664,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program. The grant will support Act!'s ability to respond to the economic impacts of the coronavirus by providing financial and other services to communities from June 2021 through December 2023. The CDFI Rapid Response Program aims to support Community Development...
This $676,530 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support Accompany Capital Inc., doing business as Business Center For New Americans, in delivering financial products, financial services, development services, loan loss reserves, and capital reserves to eligible markets and target populations as defined in 12 C.F.R. 1805. The funding will help build the awardee's financial capacity to lend to rural and urban low-income...
This $1,025,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support the provision of financial products, financial services, development services, loan loss reserves, and capital reserves by Community Loan Fund of the Capital Region, Inc. to eligible markets and target populations as defined in 12 C.F.R. 1805. The funding assists the awardee community development financial institution in building its capacity to lend and...
This $1,046,530 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support the Enterprise Community Loan Fund Inc. in delivering financial products, financial services, development services, loan loss reserves, and capital reserves to benefit low-income communities and populations across the United States that lack adequate access to affordable options. Specifically, the funding will help build the awardee's financial capacity to lend...
This $525,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will promote economic revitalization and community development through Allies for Community Business, Inc. The grant supports the Community Development Financial Institutions Program, which aims to expand access to affordable financial products and services in underserved markets through certified Community Development Financial Institutions. Allies for Community Business will...
The Department of the Treasury Community Development Financial Institutions Fund awarded a $125,000 Project Grant to Acts Lending Inc. under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support technical assistance activities through December 2025 to build the organizational capacity of certified and emerging Community Development Financial Institutions. Technical assistance funds will be used for personal services, fringe benefits, professional...
This $1,060,000 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support Community Loan Fund of the Capital Region, Inc.'s work to promote economic revitalization and community development. As part of the Community Development Financial Institutions Program (CFDA 21.020), which uses monetary awards and training to invest in and build the capacity of certified Community Development Financial Institutions, this three-year award ending...