Cdfi rapid response program award

The Georgia Cities Foundation 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 Foundation's efforts to prepare for and respond to the economic impacts of the coronavirus pandemic through the program completion date of December 31, 2023.

As the designated Community Development Financial Institution (CDFI) sub-awardee, the Foundation will utilize the CDFI Rapid Response Program (CFDA 21.024) funding to provide $1.8 million in loans, investments, financial services and other assistance to support communities and businesses facing economic hardships due to COVID-19. The program aims to bolster the ability of CDFIs such as the Foundation to respond to the pandemic's effects through the Foundation's community development activities.