Cdfi rapid response program award

The Cdcli Funding Corporation was awarded a $1,038,000 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 Cdcli Funding Corporation's ability to provide financial and other services to communities and businesses impacted by the economic effects of the coronavirus pandemic from June 2021 through December 2023. As a Community Development Financial Institution, Cdcli Funding Corporation will utilize the funding to prepare for and respond to increased demand for its lending, investment, financial counseling and other services that address the economic needs of underserved populations and low-income areas as the pandemic continues. The CDFI RRP aims to bolster the capacity of Community Development Financial Institutions to serve their target markets during the current health and economic crisis.