Cdfi rapid response program award

The Southeast Rural Community Assistance Project, Inc. (Southeast RCAP) was awarded a $375,000 Project Grant from the United States Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program (CDFI RRP).

The two-year grant, awarded June 15, 2021 and set to be completed by September 30, 2023, will support Southeast RCAP's ability to address the economic impacts of the COVID-19 pandemic. As a Community Development Financial Institution, Southeast RCAP will use the grant funding to provide financial and other services to communities in need as they respond to and recover from the coronavirus public health emergency and economic crisis.

The CDFI RRP aims to bolster the capacity of CDFIs nationwide to address the needs of underserved populations affected by the pandemic. This award to Southeast RCAP furthers that goal by strengthening the organization's response efforts over the coming years.