River City Federal Credit Union received a $1.8 million project grant award from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program (CDFI RRP) on June 15, 2021. The grant funding will support River City FCU's ability to respond to the economic impacts of the coronavirus pandemic through December 31, 2023. As a Community Development Financial Institution, River City FCU will use the CDFI RRP grant funds to provide financial products and services...
This $300,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support River City Capital Investment Corp.'s provision of financial products, financial services, development services, loan loss reserves, and capital reserves to eligible markets and target populations as defined in 12 C.F.R. 1805. The funding assists the awardee in building its financial capacity to lend to low-income communities and individuals who lack adequate...
The Community Development Financial Institutions Fund within the Department of the Treasury awarded River City Federal Credit Union $560,000 under the Community Development Financial Institutions Program (CDFI Program, CFDA #21.020) through December 31, 2026. This Project Grant aims to promote economic revitalization and community development by supporting the recipient's work as a certified Community Development Financial Institution. Through this award, River City Federal Credit Union will...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded River City Federal Credit Union $3.72 million under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033) to expand lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. The April 2023 to December 2028 award will enable River City Federal Credit Union to...
Great Rivers Community Capital, Inc. was awarded a $1.8 million Project Grant from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program to support coronavirus response efforts through December 2023. The CDFI RRP, administered by Treasury's Community Development Financial Institutions Fund under assistance listing 21.024, aims to bolster the ability of Community Development Financial Institutions to address economic impacts caused by the pandemic....
The River City Federal Credit Union was awarded a $676,530 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund. The grant funding will support the Community Development Financial Institutions Program's goal of promoting economic revitalization and community development through December 2024. Under the award, River City FCU will provide financial products, financial services, development services, loan loss reserves, and capital reserves to...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $800,000 Project Grant to River City Federal Credit Union on September 26, 2024. The CDFI Program uses monetary awards and training opportunities to invest in and build the capacity of CDFIs, empowering them to grow, achieve organizational sustainability, and drive community revitalization. Through this grant, River City Federal Credit Union, a certified CDFI, will utilize the funding to...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $619,000 Project Grant to River City Capital Investment Corp., a minority-owned, non-profit CDFI based in Memphis, Tennessee. The CDFI Program (CFDA 21.020) provides monetary awards and training to invest in and build the capacity of CDFIs, empowering them to drive community revitalization. This grant enables River City Capital Investment Corp. to deliver financial products, services, loan...
The Community Development Financial Institutions Fund within the Department of the Treasury awarded a $1,826,265 Project Grant to Community Investment Corp, doing business as Community Services & Research Corp, through the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024). The two-year award will support the organization's ability to respond to the economic impacts of the coronavirus pandemic by providing $1.8 million in funding from June 2021...
The Community Development Financial Institutions Fund within the Department of the Treasury awarded a $1.8 million Project Grant to Community Redevelopment Loan And Investment Fund, Inc. on June 15, 2021 through the Community Development Financial Institutions Rapid Response Program. The grant will support Community Redevelopment Loan & Investment Fund Inc.'s ability to provide financial and technical assistance to communities and businesses impacted by the economic effects of the COVID-19...