The Community Development Financial Institutions Program awarded Community Lendingworks $525,000 through the Community Development Financial Institutions Fund of the Department of the Treasury. This Project Grant will support economic revitalization and community development through December 2024 by providing Community Lendingworks financial assistance to invest in eligible and target markets lacking adequate access to affordable financial products and services. As a certified Community Development Financial Institution, Community Lendingworks will use the funding for financial products, services, development services, loan loss reserves, and capital reserves to build its capacity to lend to rural and urban low-income communities across the United States, as defined in the program regulations. No subrecipient activities are indicated.
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