Cdfi rapid response program award

The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded a $1.355 million Project Grant to the North Philadelphia Financial Partnership doing business as Neighborhood Progress Fund through the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA #21.024).

The two-year award ending June 30, 2023 will support the ability of the Neighborhood Progress Fund, a Community Development Financial Institution, to respond to the economic impacts of the coronavirus pandemic in the United States. As the stated purpose of the CDFI RRP program is to support CDFIs in preparing for and responding to the pandemic's economic effects, the funding will likely enable the provision of financial and other services to communities and populations affected by the public health emergency and related economic disruption.