The Neighborhood Impact Investment Fund, Inc. was awarded a $1.8 million Project Grant from the Department of the Treasury Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program. The grant period runs from June 15, 2021 through June 30, 2023 to support the ability of the awardee, a Community Development Financial Institution, to provide financial and other support to communities and prepare for and respond to the economic...
The National Community Investment Fund received a $701,530 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund. The grant will support the provision of financial products, financial services, development services, loan loss reserves, and capital reserves to certified Community Development Financial Institutions. The goal is to build the financial capacity of CDFIs to lend to eligible markets and target populations as defined in 12 C.F.R....
The Nonprofit Finance Fund received a $1,201,530 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Program. The grant aims to promote economic revitalization and community development through financial assistance to certified and emerging Community Development Financial Institutions. Funding must be used for financial products, services, development services, loan loss reserves, and...
The Department of the Treasury's Community Development Financial Institutions Fund awarded $560,000 under the Community Development Financial Institutions Program (CFDA 21.020) to Neighborhood Community Development Fund. This Project Grant will support the Fund's work from February 2023 through December 2026 to promote economic revitalization and community development in underserved areas. As a certified Community Development Financial Institution, Neighborhood Community Development Fund will...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $1,285,000 Project Grant to Neighborhood Impact Investment Fund, Inc. (NIIF), a nonprofit Community Development Financial Institution based in Baltimore, Maryland. The grant is intended to enable NIIF to expand its lending, grantmaking, and investment activities focused on providing financial services, products, and development assistance to underserved communities, particularly low- and...
This $500,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support Impact Seven in delivering financial products, services, and development assistance to community development financial institutions (CDFIs) through December 2024. The grant funds will build CDFIs' capacity to lend $500K to eligible markets and target populations as defined in 12 C.F.R. 1805, with the goal of increasing access to affordable capital for low-income...
The Department of the Treasury's Community Development Financial Institutions Fund awarded Neighborhood Impact Investment Fund, Inc. a $4,957,678 Project Grant under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA 21.033). The grant will support the organization's efforts to expand lending, grant making, and investment activity in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Funding will also enable...
This $766,530 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will promote economic revitalization and community development through investment in and assistance to certified Community Development Financial Institutions (CDFIs). Awarded to The Reinvestment Fund, Inc. on December 8, 2021 for completion by December 31, 2024, funding will support financial products, financial services, development services, loan loss reserves, and capital...
The Department of the Treasury's Community Development Financial Institutions Fund awarded $640,000 to Impact Development Fund through the Community Development Financial Institutions Program (CDFI Program, CFDA #21.020) on February 28, 2023. The three-year project grant will support Impact Development Fund's work to promote economic revitalization and community development through 2026. As a certified Community Development Financial Institution, Impact Development Fund will use the funding to...
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 investment in and assistance to Community Investment Corp, a certified Community Development Financial Institution (CDFI). As part of the Community Development Financial Institutions Program (CFDA 21.020), the financial assistance must be used for financial products, financial services, development services,...