Cdfi rapid response program award
Ended Project Grant Awarded
- Award ID
- 21RRP057243G
- Recipient
-
Puerto Rico Federal Credit Union UEI ZL9JR4UM8NC9
- 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
The Puerto Rico Federal Credit Union (PRFCU) was awarded a $1,826,265 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024).
The grant will support PRFCU's ability to provide financial products and services through December 2023 to address the economic impacts of COVID-19 in its service areas. Specifically, the funding will allow PRFCU to prepare for and respond to increased needs for financial services, including lending support, among businesses and individuals affected by the pandemic. The CDFI RRP aims to ensure CDFIs like PRFCU can fulfill their mission and continue providing access to credit in underserved communities during an economic crisis.
Quick answers
Who received award 21RRP057243G?
21RRP057243G was awarded to Puerto Rico Federal Credit Union by Community Development Financial Institutions Fund (Department of the Treasury) on June 15, 2021.
How much is award 21RRP057243G worth?
$1,826,265 has been obligated on 21RRP057243G.
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