The Community Development Financial Institutions Fund within the Department of the Treasury awarded $560,000 under the Community Development Financial Institutions Program (CFDA 21.020) to the Black Business Investment Fund, Inc. (BBIF) on February 28, 2023. Through September 30, 2026, BBIF will use the funding to provide loans, investments, financial counseling and other services to support economic revitalization and community development in underserved communities. As a certified Community...
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...
This $525,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support the delivery of financial products, financial services, development services, loan loss reserves, and capital reserves by Community Redevelopment Loan and Investment Fund, Inc. to eligible markets and target populations as defined in 12 C.F.R. 1805. The funding assists the awardee community development financial institution in building its capacity to lend to...
This $225,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support BDC Community Capital Corp.'s provision of financial products, services, and development assistance to promote economic revitalization and community development. Under the Community Development Financial Institutions Program, the awardee will use the funding for loans, loan loss reserves, capital reserves, and related services targeting low-income communities and...
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....
This $676,530 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support Accompany Capital Inc., doing business as Business Center For New Americans, in delivering 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 will help build the awardee's financial capacity to lend to rural and urban low-income...
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,...
This $500,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support Neighborhood Partnership Housing Services, Inc. in delivering 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 assists the awardee in building financial capacity to lend to rural and urban low-income communities and individuals...
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 U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $625,000 Project Grant to the Black Business Investment Fund, Inc. (BBIF), a certified CDFI based in Orlando, Florida. This grant, awarded on September 26, 2024, will support BBIF's mission to provide financial services, loans, investments, and technical assistance to minority-owned, women-owned, and underserved small businesses in disadvantaged and low-to-moderate income communities....