This $625,000 Project Grant award, provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020), supports the Great Falls Development Authority, Inc. in delivering a range of specialized services and financial products to underserved communities, particularly in Cascade County and Native American areas. The funding enables the organization, a certified CDFI, to provide economic development initiatives, environmental site assessments,...
The Great Falls Development Authority, Inc. was awarded a $1,280,000 Project Grant from the U.S. Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program. The two-year award, issued on June 15, 2021, will support the Authority's ability to respond to the economic impacts of the coronavirus pandemic through June 30, 2023. As the stated purpose of the CDFI RRP is to support CDFIs in preparing for...
The Great Falls Development Authority, Inc. was awarded a $1.95 million grant from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to expand lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. The April 2023 award will support the organization's work providing financing and technical assistance to underserved borrowers through June 2028. As a...
The Neighborhood Housing Services, Inc., Of Great Falls, doing business as Neighborworks Great Falls, was awarded a $125,000 Project Grant from the U.S. Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Program. The three-year award will support the provision of technical assistance to build the organizational capacity of certified and emerging Community Development Financial Institutions (CDFIs) to serve...
This $2.6 million Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support the Local Initiatives Support Corporation in delivering services to community development financial institutions (CDFIs) through December 2026. The Community Development Financial Institutions Program aims to promote economic revitalization and community development by investing in and assisting certified and emerging CDFIs. Specifically, grant funds will...
The Greater Minnesota Housing Fund received a $590,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Program. The grant aims to promote economic revitalization and community development through financial assistance to certified Community Development Financial Institutions. Funds must be used for financial products, services, development services, loan loss reserves, and capital...
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 $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...
The Department of the Treasury's Community Development Financial Institutions Fund awarded Grant Bancshares, Inc. a $701,530 Project Grant under the Community Development Financial Institutions Program (CDFI Program, CFDA 21.020). The grant funding will support Grant Bancshares' 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 intended outcomes are to...
The Gulf Coast Economic Development District, Inc. was awarded a $125,000 Project Grant from the Department of the Treasury Community Development Financial Institutions Fund under the Community Development Financial Institutions Program. The grant will support the provision of technical assistance to build the organizational capacity of certified and emerging Community Development Financial Institutions. Technical assistance activities may include compensation for personal services and fringe...