Cdfi rapid response program award

The African Development Center received a $1.8 million project grant award from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program on June 15, 2021. The grant funding will support the Center's ability to respond to the economic impacts of the coronavirus pandemic through the program completion date of December 31, 2023.

As the designated awardee, the African Development Center will utilize the grant funding to deliver services that prepare for and respond to the pandemic's economic effects, in line with the goals of the Community Development Financial Institutions Rapid Response Program (CFDA 21.024). This federal grant program aims to support Community Development Financial Institutions in addressing the coronavirus pandemic's economic consequences through the period of performance. The significant funding amount will enable the African Development Center to provide impactful products and services to their community over the next two and a half years.