The Bronze Valley Corporation received a $617,000 Project Grant award from the Department of the Treasury Community Development Financial Institutions Fund on June 15, 2021 to support coronavirus response efforts through December 31, 2023. The funding falls under the Community Development Financial Institutions Rapid Response Program (CDFI RRP), a program established by the Treasury Department to support Community Development Financial Institutions (CDFIs) as they address economic impacts from the pandemic (CFDA #21.024).
Through this award, Bronze Valley Corporation will utilize the $617,000 to support, prepare for, and respond to coronavirus economic effects in its service areas as a CDFI, consistent with the CDFI RRP program goals. Key services may include providing financing assistance, financial counseling, and other supports to underserved communities and populations facing financial difficulties due to the pandemic. The award will also help Bronze Valley Corporation strengthen its capacity to address community development needs exacerbated by the public health emergency through the specified performance period.
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