The Department of the Treasury's Community Development Financial Institutions Fund awarded a $150,000 Project Grant to Black Hills Community Loan Fund, Inc. to provide technical assistance to Native Community Development Financial Institutions (CDFIs) and emerging CDFIs through December 31, 2023. Under the Native Initiatives federal grant program (CFDA 21.012), the awardee will use the funding to build organizational capacity and serve rural and urban low-income individuals and underserved communities through eligible activities including compensation for personal and professional services, travel, training, equipment, and supplies. If a subsidiary CDFI insured depository institution of the awardee carries out any award activities, it will do so as a subrecipient under the assistance agreement. The goal of this technical assistance is to promote economic revitalization and access to affordable financial products and services for Native American organizations and communities that currently lack adequate options.
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