The Genesis Fund, doing business as Genesis Community Loan Fund, received a $1,487,303 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033). The award will support the Genesis Fund's provision of financial services, lending, and investments to low- and moderate-income communities and borrowers disproportionately impacted by COVID-19 through March 2029. As a Community Development...
Genesis Bank was awarded a $1.8 million Project Grant from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) on June 15, 2021. The grant will support Genesis Bank in providing financial and technical assistance to businesses and communities impacted by the economic effects of the coronavirus pandemic through March 2023. The CDFI RRP aims to bolster the ability of Community Development Financial Institutions like...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $1,800,000 Project Grant to The Genesis Fund, doing business as Genesis Community Loan Fund, to invest in and build the capacity of this certified CDFI. The grant, made under CFDA 21.020, aims to empower The Genesis Fund to grow, achieve organizational sustainability, and drive community revitalization, particularly in Native American and underserved communities across Maine and Northern New...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Genesis LA Economic Growth Corporation $1,826,265 under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA #21.024) from June 15, 2021 through December 31, 2023. The CDFI RRP aims to support Community Development Financial Institutions' (CDFIs) ability to address the economic impacts of the coronavirus pandemic in their communities. Genesis LA will...
The federal grant award of $1,250,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Genesis LA Economic Growth Corporation, a certified CDFI and Community Development Entity. The award will enable Genesis LA to deliver financial solutions, lending, investments, and technical assistance to support economic and community development, affordable housing, and pandemic recovery in underserved communities....
The Community Development Financial Institutions Fund within the Department of the Treasury awarded Genesis Bancorp, Inc. a $476,530 Project Grant under the Community Development Financial Institutions Program. The grant aims to promote economic revitalization and community development through financial assistance to certified Community Development Financial Institutions. Genesis Bancorp will use the funding for financial products, services, development services, loan loss reserves, and...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Genesis Bank $6,197,097 through the Equitable Recovery Program (ERP) under the Community Development Financial Institutions Fund program (CFDA #21.033). The ERP grant will support Genesis Bank's efforts to expand lending, grant making, and investments in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic through Dec. 31, 2028. Specifically, the funding...
The Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA 21.033) awarded Genesis LA Economic Growth Corporation $4,131,398 to expand lending, grant making, and investment activity in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. As a certified Community Development Financial Institution, Genesis LA will use the award funding to increase access to capital and financial services for...
The Community Development Financial Institutions Fund within the Department of the Treasury awarded a $972,000 Project Grant to The Community Economic Development Fund I. Llc through the Community Development Financial Institutions Rapid Response Program. The grant period runs from June 15, 2021 through December 31, 2023 to support the ability of Community Development Financial Institutions to respond to the economic impact of the coronavirus pandemic. Specifically, the funding will allow the...
Metafund Corp received a $1.8 million project grant award from the Department of the Treasury's Community Development Financial Institutions Fund on June 15, 2021. The funding supports the Community Development Financial Institutions Rapid Response Program (CDFI RRP), which provides capital to Community Development Financial Institutions to address economic impacts of the coronavirus pandemic. Through this award expiring December 31, 2023, Metafund Corp will deliver financial and technical...