This Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) provides $701,530 to the Federation of Appalachian Housing Enterprises Inc. (FAHE) doing business as Fahe. The funding will support FAHE's delivery of financial products, financial services, development services, loan loss reserves, and capital reserves to eligible markets and target populations as defined in the CDFI Program regulations through June 2025.
The Community Development Financial Institutions (CDFI) Program aims to promote economic revitalization and community development by investing in and assisting certified and emerging CDFIs. This award will help FAHE build its financial capacity to lend and provide services to low-income communities and individuals in rural and urban areas that lack access to affordable options, as outlined in the program. No subrecipient activities are mentioned.
Generated 1/6/24, 2:23 PM