Cdfi rapid response program award

Rutland West Neighborhood Housing Services, Inc., doing business as Neighborworks of Western Vermont, was awarded an $882,000 Project Grant from the U.S. Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program.

The award will support Neighborworks of Western Vermont's ability to provide financial and technical assistance to communities and businesses impacted by the economic effects of the COVID-19 pandemic from June 2021 through December 2023. As a Community Development Financial Institution, Neighborworks of Western Vermont will use the grant funding to prepare for and respond to increased demand for its lending, financial counseling, and other services that support low-income communities during an economic downturn.

The Community Development Financial Institutions Rapid Response Program aims to bolster the capacity of CDFIs nationwide to address the needs of their target markets as the country responds to and recovers from the coronavirus pandemic.