The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $3,800,000 Project Grant to Locus Impact Fund, a certified CDFI and non-profit organization, to support economic revitalization and community development initiatives in underserved communities. The CDFI Program provides monetary awards and training opportunities to empower CDFIs to grow, achieve sustainability, and drive economic self-determination, particularly in Native American and...
The federal Project Grant award of $1,735,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Locus Impact Fund, a certified CDFI headquartered in Richmond, Virginia. The funding will enable Locus Impact Fund, a non-profit organization and community development corporation, to deliver a range of financial products, services, and technical assistance to support low-income communities, small businesses, and economic...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Locus Impact Fund a $4.7 million Project Grant under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033). The grant will support Locus Impact Fund's efforts to expand lending, grant making, and investment activities that benefit low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Specifically, the...
This $1.5 million Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support the Locus Impact Fund's provision of financing activities to expand access to healthy foods in underserved areas. As part of the Community Development Financial Institutions Program, the funding will allow the awardee to provide financial products, development services, loan loss reserves, and capital reserves to certified Community Development Financial...
The Department of the Treasury's Community Development Financial Institutions Fund awarded Locus Impact Fund $3.75 million under the Capital Magnet Fund program on February 22, 2021. The Capital Magnet Fund (CFDA 21.011) helps create and preserve affordable housing for low-income families and economically distressed communities by attracting private capital. Locus Impact Fund will use this funding to support financing that preserves and rehabilitates affordable housing, consistent with the...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded an $850,000 Project Grant to the Local Initiatives Support Corporation (LISC) under the Community Development Financial Institutions Program (CDFI Program, CFDA #21.020). The grant will support LISC's efforts to invest in and build the capacity of certified Community Development Financial Institutions (CDFIs) through February 2026. The CDFI Program aims to promote economic revitalization and...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant to Locus Bank, Inc. (doing business as VCC Bank) under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant is intended to incentivize Locus Bank to increase its investments and support for certified Community Development Financial Institutions (CDFIs) and enhance its community development financing and service activities in economically distressed...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Program has awarded a $5,000,000 Project Grant to the Local Initiatives Support Corporation (LISC), a national community development organization, to provide monetary awards and training opportunities to Community Development Financial Institutions (CDFIs). This funding, under CFDA Program 21.020 - Community Development Financial Institutions Program, aims to invest in and build the capacity of CDFIs, empowering...
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...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Locus Impact Fund $1,826,265 under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) from June 15, 2021 through December 31, 2023. The CDFI RRP aims to support Community Development Financial Institutions' (CDFIs) ability to address the economic impacts of the coronavirus pandemic in their communities. Under this award, Locus Impact Fund will deploy...