Cdfi rapid response program award
Ended Project Grant Awarded
- Award ID
- 21RRP057445G
- Recipient
-
Kinecta Federal Credit Union UEI GAU5RV6R9LD3
- Awarding agency
-
Community Development Financial Institutions Fund
Department of the Treasury
- Obligated
- $1,826,265
Award facts
- Assistance listing
- 21.024 Community Development Financial Institutions Rapid Response Program (CDFI RRP)
- Completion date
- Place of performance
- United States
Award details come from USAspending.gov.
About this award
Kinecta Federal Credit Union was awarded a $1,826,265 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 period runs from June 15, 2021 through December 31, 2023 to support Kinecta's ability to respond to the economic impacts of the coronavirus pandemic in its service areas. As a Community Development Financial Institution, Kinecta will use the funding to provide loans, grants, technical assistance and other financial products to businesses and communities impacted by Covid-19. The CDFI RRP aims to bolster the capacity of CDFIs like Kinecta as they address the needs of underserved populations affected by the public health emergency and economic downturn.
Quick answers
Who received award 21RRP057445G?
21RRP057445G was awarded to Kinecta Federal Credit Union by Community Development Financial Institutions Fund (Department of the Treasury) on June 15, 2021.
How much is award 21RRP057445G worth?
$1,826,265 has been obligated on 21RRP057445G.
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