Cdfi rapid response program award

Carver Financial Corporation was awarded a $1,826,265 Project Grant from the U.S. Department of the Treasury's Community Development Financial Institutions Fund on June 15, 2021. The grant was awarded under the Community Development Financial Institutions Rapid Response Program (CDFI RRP), a program established to support Community Development Financial Institutions (CDFIs) in addressing the economic impacts of the coronavirus pandemic.

Through this two-year grant concluding on December 31, 2023, Carver Financial Corporation will utilize the $1.8 million in federal funding to deliver programs and services to support communities and businesses affected by the pandemic. As a CDFI, the organization works in underserved markets to provide access to financial services and credit for local economic development. The Rapid Response Program award will allow Carver to expand its efforts to prepare for and respond to the ongoing economic challenges resulting from the public health emergency.