To promote economic revitalization and community development through investment in and assistance to community development financial institutions (CDFIS) and emerging CDFIS.

The Community Development Financial Institutions Fund within the Department of the Treasury awarded a $125,000 Project Grant to Municoop under the Community Development Financial Institutions Program. The grant will support Municoop in building its organizational capacity to serve 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, Municoop will use the grant funds for eligible activities including personal and professional services, travel, training, equipment, and supplies. The goal is to strengthen Municoop's ability to promote economic revitalization and community development in underserved markets consistent with the objectives of the Community Development Financial Institutions Program.

Activities

Technical assistance must be used for the following eligible activities subject to the applicable provisions of the uniform requirements: compensation ? Personal services, compensation ? Fringe benefits, professional service costs, travel costs, training and education costs, equipment, supplies, and incorporation costs (sponsoring entities only). End goal/expected outcomes: the goal of the technical assistance is to build certified and emerging cdfi?S organizational capacity to serve eligible markets and/or their target markets, in order to serve rural and urban low-income people, and communities across the nation that lack adequate access to affordable financial products and financial services.

Intended beneficiaries

Profit organization, private nonprofit institution/organization, other private institution/organization investment areas and targeted populations, as defined in 12 C.F.R. 1805.

Subrecipient activities

Only in the case where a cdfi depository institution holding company applicant intends to carry out the activities of an award through its subsidiary cdfi insured depository institution, as identified in its assistance agreement with the cdfi fund.