Low Income Investment Fund received a $4,957,678 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to expand lending, grant making, and investment activities benefiting low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. As a leading community development financial institution, Low Income Investment Fund will utilize the April 10, 2023 grant to provide $4.9 million in...
The federal Project Grant award of $4,500,000.00 from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Capital Magnet Fund (CFDA 21.011) program was provided to the Low Income Investment Fund (LIIF), a leading national CDFI organization, to finance affordable housing solutions and community revitalization efforts that benefit low-income individuals, families, and communities nationwide. The grant, awarded on October 23, 2024, with a 20-year...
Life Asset, Inc. was awarded a $1.8 million project grant from the U.S. Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024). The grant will support Life Asset's ability to respond to the economic impacts of the coronavirus pandemic by providing financial and technical assistance services to communities and populations impacted by the pandemic from June 2021 through...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Rflf 2, LLC $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 by preparing for and responding to related needs. Through this funding,...
The Department of the Treasury's Community Development Financial Institutions Fund awarded Impact Loan Fund Inc. $1.8 million under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) from June 2021 through June 2023. The CDFI RRP aims to support Community Development Financial Institutions' ability to address the economic impacts of COVID-19 by preparing for and responding to coronavirus. Impact Loan Fund will use the funding to provide loans and...
This $1,046,530 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support the delivery of financial products, financial services, development services, loan loss reserves, and capital reserves by Low Income Investment Fund. The funding assists this certified Community Development Financial Institution in building its financial capacity to lend to eligible low-income communities and individuals across the United States who lack...
The Local Initiatives Support Corporation (LISC) was awarded a $1.8 million 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 LISC's ability to respond to the economic impacts of the coronavirus pandemic by providing $1.8 million in funding from June 2021 through December 2023. As the name suggests, the CDFI RRP aims to...
The Low Income Investment Fund (LIIF) received a $4.5 million Capital Magnet Fund award from the Department of the Treasury's Community Development Financial Institutions Fund on February 22, 2021. The Capital Magnet Fund program (CFDA 21.011) aims to attract private capital to create and preserve affordable housing for low-income families and economically distressed communities. LIIF will use this funding to support financing that preserves and rehabilitates affordable housing through...
Liftfund Inc., doing business as Accion, was awarded a $1,278,385 project grant from the Department of the Treasury's Community Development Financial Institutions Fund. The grant was awarded under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) to support Liftfund's ability to respond to the economic impacts of the coronavirus pandemic. Specifically, the funding will allow Liftfund to provide financial and technical assistance to small businesses...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Iff a $1,826,265 Project Grant under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024). The grant will support Iff's ability to respond to the economic impacts of the coronavirus by providing financial and other services to communities from June 2021 through December 2023. The CDFI RRP aims to bolster Community Development Financial Institutions'...