The Rockingham Economic Development Corp (Redc) received a $1,826,265 Project Grant award from the Department of the Treasury Community Development Financial Institutions Fund. The grant was awarded under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) to support Redc's ability to respond to the economic impact of the coronavirus.
The two-year grant running from June 2021 through March 2024 will allow Redc to provide $1.8 million in services to support and prepare communities for the economic effects of the COVID-19 pandemic. As a Community Development Financial Institution, Redc will use the funding to respond to increased needs in its service area and ensure access to affordable credit and financial services for underserved populations affected by the health crisis.
Generated 1/6/24, 10:43 AM