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All Federal Grant Awards
Project Grant 21RRP056501G
Award Date
6/15/21
Completion Date
2/16/23
Dollars Obligated
$1.8M
Overview
Activity
2
Transactions
2
Subawards
Similar Awards
Federal Agency
Community Development Financial Institutions Fund
Awardee
First American National Bank (WAKKNTZDBBK1)
Federal Grant Program
21.024
Assistance Type
Project Grant
Place of Performance
United States
Update #1
Update #2
CDFI RAPID RESPONSE PROGRAM AWARD
Posted 6/15/21
5
1
Mod #
Description
ReasonForModification
Federal Obligation
Date
Not listed
PURPOSE: TO PROVIDE FUNDING TO CDFIS TO SUPPORT, PREPARE FOR, AND RESPOND TO THE ECONOMIC IMPACT OF THE COVID 19 PANDEMIC. PLANNED ACTIVITIES: CDFI RAPID RESPONSE PROGRAM AWARDS MAY BE USED IN ANY OF THE FIVE CATEGORIES SUPPORTING THE PROVISION OF FINANCIAL PRODUCTS AND SERVICES, INCLUDING (I) FINANCIAL PRODUCTS; (II) FINANCIAL SERVICES; (III) LOAN LOSS RESERVES; (IV) DEVELOPMENT SERVICES; AND (V) CAPITAL RESERVES (NOTE ONLY REGULATED INSTITUTIONS MAY USE A CDFI RRP AWARD FOR FINANCIAL SERVICES AND CAPITAL RESERVES). IN ADDITION, THE GREATER OF $200,000 OR 15% OF THE GRANT MAY BE EXPENDED IN 7 CATEGORIES SUPPORTING OPERATIONS (VI) COMPENSATION PERSONAL SERVICES; (VII) COMPENSATION FRINGE BENEFITS; (VIII) PROFESSIONAL SERVICE COSTS; (IX) TRAVEL COSTS; (X) TRAINING AND EDUCATION COSTS; (XI) EQUIPMENT; AND (XII) SUPPLIES. END GOALS: THE GOAL OF THE CDFI RAPID RESPONSE PROGRAM IS TO HELP CDFIS SUPPORT, PREPARE FOR, AND RESPOND TO THE ECONOMIC IMPACT OF THE COVID 19 PANDEMIC. BENEFICIARIES: CERTIFIED CDFIS AND INVESTMENT AREAS AND TARGETED POPULATIONS. CERTIFIED CDFIS MAY BE FOR PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, AND OTHER PRIVATE INSTITUTION/ORGANIZATION, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: THE PERIOD OF PERFORMANCE DATE(S) CHANGED.
$0
2/17/23
Not listed
CDFI RAPID RESPONSE PROGRAM AWARD
$1.8m
6/15/21