Project Grant 211TA057118G

The Department of the Treasury's Community Development Financial Institutions Fund awarded Covington Capital Corporation a $125,000 Project Grant under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support Covington Capital Corporation in building its organizational capacity to serve eligible low-income communities and individuals across the United States who lack adequate access to affordable financial products and services through September 2023. As a certified Community Development Financial Institution, Covington Capital Corporation will use the funding to provide technical assistance activities including compensation for personal and professional services, travel costs, training and education, equipment, supplies, and other eligible expenses outlined in the Uniform Administrative Requirements. The overarching goal is to strengthen Covington Capital Corporation's ability to promote economic revitalization and community development in underserved markets consistent with the objectives of the Community Development Financial Institutions Program.