Cdfi rapid response program award

Leviticus 25:23 Alternative Fund Inc. received a $1,826,265 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program. The award period is from June 15, 2021 through December 31, 2023.

The CDFI RRP grant will support the Alternative Fund's ability to respond to the economic impacts of the coronavirus pandemic by providing $1.8 million in loans and financial assistance to underserved communities and populations between 2021 and 2023. As a Community Development Financial Institution, the Alternative Fund uses financing and support strategies to promote community development and fill gaps in access to credit for low-income areas and individuals. This federal funding will bolster those efforts during the ongoing public health crisis and economic recovery.