The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $900,000 Project Grant to the Rural Community Assistance Corporation (RCAC), a nonprofit community development corporation, on September 26, 2024. This 3-year grant under CFDA 21.020 will enable RCAC to provide monetary awards, training, and technical assistance to certified and emerging CDFIs, empowering them to grow, achieve sustainability, and drive community revitalization,...
This $660,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support the Community Development Financial Institutions Program. The Program uses monetary awards and training opportunities to build the capacity of certified Community Development Financial Institutions, enabling them to drive community revitalization through expanded lending, investment, and development services. Rural Community Assistance Corporation will leverage...
The Rural Community Assistance Corporation (RCAC) was awarded a $1,826,265 Project Grant from the Department of the Treasury Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024). The grant will support RCAC's ability to respond to the economic impact of the coronavirus by providing financial and technical assistance to communities and organizations it serves through September 2023. As a Community...
The Rural Community Assistance Corporation (RCAC) was awarded $500,000 through the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA 21.033) to provide financial and technical assistance services. The CDFI ERP, administered by the Department of the Treasury, aims to expand lending, grant making, and investment in low- and moderate-income communities disproportionately impacted by COVID-19. Through this April 10, 2023 project grant concluding September...
The Rural Community Assistance Corporation (RCAC) was awarded a $9 million Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund on June 22, 2022. The grant funding will support RCAC's delivery of products and services under the Capital Magnet Fund program through September 30, 2025. The Capital Magnet Fund program aims to increase private investment in affordable housing and related economic development activities that benefit low-income...
This federal Project Grant award, provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Capital Magnet Fund (CFDA 21.011) program, will grant $6,750,000.00 to the Rural Community Assistance Corporation (RCAC) to finance affordable housing solutions and community revitalization efforts that benefit low-income individuals, families, and communities nationwide. The 20-year award, effective October 23, 2024, will enable RCAC, a nonprofit...
The federal Project Grant award of $300,000 from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program, with CFDA Number 21.020, was provided to the Crcd Community Loan Fund LLC. This award aims to invest in and build the capacity of certified and emerging CDFIs, empowering them to grow, achieve organizational sustainability, and drive community revitalization, particularly in Native American and low-income communities. The funding will support the...
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...
This $610,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support Ncrc Community Development Fund, Inc.'s work to promote economic revitalization and community development. Through Dec. 31, 2026, Ncrc CDFi will use the funding to invest in and provide assistance to certified and emerging Community Development Financial Institutions, as outlined in the Community Development Financial Institutions Program (CFDA 21.020)....
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,...