The City First Enterprises Inc. was awarded a $660,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Program. The three-year award will support City First's efforts to promote economic revitalization and community development in Native communities through 2026. As a certified Community Development Financial Institution, City First utilizes monetary awards and training to build...
The City First Enterprises Inc. was awarded a $1,826,265 project grant from the U.S. Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program. The grant period runs from June 15, 2021 through December 31, 2023 and will support City First Enterprises' ability to respond to the economic impacts of the coronavirus pandemic on its communities. As part of the CDFI Rapid Response Program, City First...
City First Enterprises Inc. was awarded a $3,718,258 project grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033). The grant aims to expand City First's lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Specifically, the funding will support increased...
The National Association City First Bank received a $3.7 million project grant award under the Community Development Financial Institutions Fund Equitable Recovery Program from the Department of the Treasury on April 10, 2023. The grant funding will support City First Bank's efforts to expand lending, grantmaking, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic through December 31, 2028. As a Community Development Financial...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $2.25 million Project Grant to City First Enterprises Inc. on February 22, 2021 under the Capital Magnet Fund program (CFDA 21.011). The grant will help create and preserve affordable housing for low-income families and economically distressed communities by attracting private capital financing. Funds will support the preservation and rehabilitation of affordable housing consistent with the Capital...
This $970,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support Community First Fund's work to promote economic revitalization and community development. As part of the Community Development Financial Institutions Program, the funding will allow Community First Fund to provide $970K in financial products, services, development assistance and reserves to low-income communities and individuals across the United States who...
This $701,530 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support The First Bancshares, Inc. (doing business as Thefirst) 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 aims to promote economic revitalization and community development by building the awardee's capacity to...
The Economic Empowerment Center was awarded a $125,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Program. The grant will support the Center in building the organizational capacity of certified and emerging Community Development Financial Institutions to serve low-income communities and individuals across the United States who lack adequate access to affordable financial products and...
This $525,000 project grant from the Department of the Treasury's Community Development Financial Institutions Fund will support Co Enterprise Fund, LLC's provision of financial products, financial services, development services, loan loss reserves, and capital reserves to benefit low-income individuals and communities lacking adequate access across the United States. Awarded on December 8, 2021 with a projected completion date of September 30, 2024, the funding aims to build Co Enterprise...
This $225,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support BDC Community Capital Corp.'s provision of financial products, services, and development assistance to promote economic revitalization and community development. Under the Community Development Financial Institutions Program, the awardee will use the funding for loans, loan loss reserves, capital reserves, and related services targeting low-income communities and...