Cdfi rapid response program award
Ended Project Grant Awarded
- Award ID
- 21RRP056343G
- Recipient
-
Southern Bancorp, Inc. UEI VSALHUHR7NF5
- Awarding agency
-
Community Development Financial Institutions Fund
Department of the Treasury
- Obligated
- $1,826,265
Award facts
- Assistance listing
- 21.024 Community Development Financial Institutions Rapid Response Program (CDFI RRP)
- Completion date
- Place of performance
- United States
Award details come from USAspending.gov.
About this award
The Department of the Treasury's Community Development Financial Institutions Fund awarded Southern Bancorp, Inc. a $1.8 million Project Grant under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) on June 15, 2021. The grant is intended to support Southern Bancorp's ability to provide financial assistance to communities and businesses economically impacted by the coronavirus pandemic through December 31, 2023. As a Community Development Financial Institution, Southern Bancorp will use the funding to prepare for and respond to the economic effects of COVID-19 in the United States through the delivery of loans, grants, technical assistance and other financial products that address the economic needs of local communities and businesses.
Quick answers
Who received award 21RRP056343G?
21RRP056343G was awarded to Southern Bancorp, Inc. by Community Development Financial Institutions Fund (Department of the Treasury) on June 15, 2021.
How much is award 21RRP056343G worth?
$1,826,265 has been obligated on 21RRP056343G.
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