Cdfi rapid response program award

The Four Bands Community Fund, Incorporated (Four Bands) received a $1,826,265 Project Grant award 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 June 15, 2021 award provides funding through December 31, 2023 to support Four Bands' ability to address the economic impacts of the coronavirus pandemic in its service areas. As a Community Development Financial Institution (CDFI), Four Bands will utilize the grant to prepare for and respond to community needs through the provision of financial and other services that support at-risk populations and small businesses affected by the public health emergency and economic downturn.

The CDFI RRP aims to bolster CDFIs' COVID-19 relief efforts in low-income and underserved communities across the United States. Four Bands will direct its $1.826 million in grant proceeds accordingly over the remainder of the award period.