The Department of the Treasury's Community Development Financial Institutions Fund awarded a $125,000 Project Grant under the Community Development Financial Institutions Program to Cooperativa De Ahorro Y Credito TU Coop. The grant will support the awardee 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. Funds may be used for technical assistance activities including personal and fringe benefits compensation, professional services, travel, training and education, equipment, supplies, and incorporation costs. The goal is to strengthen the awardee's ability to fulfill its mission of promoting economic revitalization and community development through expanded provision of financial services and products to underserved populations consistent with CDFI Program objectives.
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