Cdfi rapid response program award
Ended Project Grant Awarded
- Award ID
- 21RRP056588G
- Recipient
-
Rural Community Assistance Corporation UEI CU36CMXU32A1
- 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 Rural Community Assistance Corporation (RCAC) was awarded a $1,826,265 Project Grant from the Department of the Treasury Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024).
The grant will support RCAC's ability to respond to the economic impact of the coronavirus by providing financial and technical assistance to communities and organizations it serves through September 2023. As a Community Development Financial Institution, RCAC aims to prepare for and mitigate the effects of the pandemic on access to capital and essential services in rural areas. The CDFI RRP funding will allow RCAC to deploy resources rapidly to credit-deficient communities affected by COVID-19 across the United States.
Quick answers
Who received award 21RRP056588G?
21RRP056588G was awarded to Rural Community Assistance Corporation by Community Development Financial Institutions Fund (Department of the Treasury) on June 15, 2021.
How much is award 21RRP056588G worth?
$1,826,265 has been obligated on 21RRP056588G.
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