Cdfi rapid response program award
Ended Project Grant Awarded
- Award ID
- 21RRP057085G
- Recipient
-
The Cottonport Bank UEI XEKKSK6B5N13
- Awarding agency
-
Community Development Financial Institutions Fund
Department of the Treasury
- Obligated
- $1,826,265
Award facts
- Assistance listing
- 21.024 Community Development Financial Institutions Rapid Response Program (CDFI RRP)
- Completion date
- Place of performance
- United States
Award details come from USAspending.gov.
About this award
Cottonport Bank received a $1,826,265 project grant award from the 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 period runs from June 15, 2021 through December 31, 2023 to support Cottonport Bank's ability to respond to the economic impacts of the coronavirus pandemic in its service areas. Specifically, the funding will allow Cottonport Bank to provide financial and technical assistance to underserved communities and populations affected by the pandemic, such as small businesses and non-profits, helping them to access capital and other support as they prepare for and deal with coronavirus-related economic challenges over the grant performance period.
Quick answers
Who received award 21RRP057085G?
21RRP057085G was awarded to The Cottonport Bank by Community Development Financial Institutions Fund (Department of the Treasury) on June 15, 2021.
How much is award 21RRP057085G worth?
$1,826,265 has been obligated on 21RRP057085G.
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