Carver Federal Savings Bank was awarded a $1.8 million project grant from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program on June 15, 2021. The grant is intended to support Carver Federal Savings Bank's ability to respond to the economic impacts of the coronavirus pandemic through March 31, 2024. As part of the Community Development Financial Institutions Rapid Response Program (CDFI RRP), which is authorized under the CFDA number 21.024, the funding will allow Carver Federal Savings Bank to provide financial and technical assistance services to communities and populations affected by the pandemic.