The Miami Bayside Foundation, Inc. was awarded a $1.5 million Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program. The grant will support the Foundation's ability to respond to the economic impacts of the coronavirus by providing financial and other services to communities it serves through June 2023. As a Community Development Financial Institution, the Miami Bayside Foundation utilizes specialized financial products, development services, and credit programs to provide access to capital and support local economic growth in underserved markets. This award will allow the Foundation to prepare for and address the effects of the pandemic in a timely manner over the next two years through its community development programs and lending activities.
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