This $701,530 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support BOC Capital Corp.'s provision of 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 aims to promote economic revitalization and community development by building the awardee's capacity to lend to low-income communities and rural and urban populations lacking adequate access to affordable financial options. As part of the Community Development Financial Institutions Program (CFDA #21.020), this award seeks to invest in and assist certified and emerging Community Development Financial Institutions like BOC Capital Corp, with the goal of serving underserved populations across the United States from December 8, 2021 through June 30, 2025.
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