Cdfi rapid response program award
Ended Project Grant Awarded
- Award ID
- 21RRP056453G
- Recipient
-
Magnolia Federal Credit Union UEI R6WWMCK4T5H4
- 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
Magnolia Federal Credit Union received a $1.8 million project grant award from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA #21.024). The funding will support Magnolia in providing financial products and services to respond to the economic impacts of the coronavirus between June 2021 and December 2023. The CDFI RRP aims to bolster the ability of Community Development Financial Institutions to prepare for and address coronavirus-related economic hardships in their communities.
Quick answers
Who received award 21RRP056453G?
21RRP056453G was awarded to Magnolia Federal Credit Union by Community Development Financial Institutions Fund (Department of the Treasury) on June 15, 2021.
How much is award 21RRP056453G worth?
$1,826,265 has been obligated on 21RRP056453G.
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