The National Association For Latino Community Asset Builders (NALCAB) was awarded a $1.6 million Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024).
The grant will support NALCAB's ability to respond to the economic impacts of the coronavirus pandemic by preparing and supporting Community Development Financial Institutions (CDFIs) from June 2021 through December 2023. The CDFI RRP aims to bolster CDFIs' capacity to provide financial and technical assistance to underserved communities during times of economic distress. This award will allow NALCAB to deliver services that strengthen and stabilize CDFIs serving Latino communities as the recovery from the COVID-19 crisis continues.
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