The Department of the Treasury's Community Development Financial Institutions Fund awarded a $1.8 million Project Grant to Cooperativa De Ahorro Y Credito De Lares through the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024). The grant will support Cooperativa De Ahorro Y Credito De Lares' ability to respond to the economic impacts of the coronavirus by providing financial and technical assistance services to communities and populations in the United States from June 2021 through December 2023. The CDFI RRP aims to support Community Development Financial Institutions' capacity to address economic challenges arising from the pandemic. The funding will allow Cooperativa De Ahorro Y Credito De Lares to deliver programs and services that prepare for and address needs in vulnerable areas as they recover from coronavirus impacts over the next two and a half years.
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