Project Grant 211FA056575G

This $590,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support Poverty Solutions, Inc.'s delivery of 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 lend to low-income individuals and underserved communities across the United States who lack access to affordable financial options. As the intended beneficiary is listed as a private nonprofit organization, it can be inferred the funding will support Poverty Solutions Inc.'s work as a certified Community Development Financial Institution directly. The award has a completion date of December 31, 2024 and aligns with the stated goals of the Community Development Financial Institutions Program under the Catalog of Federal Domestic Assistance number 21.020 to invest in and assist certified and emerging CDFIs.