Cdfi rapid response program award
Ended Project Grant Awarded
- Award ID
- 21RRP057571G
- Recipient
-
Pace Finance Corporation UEI FK37GMHBENF8
- 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
Pace Finance Corporation 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 award will support Pace Finance's ability to provide financial products and services to communities impacted by the economic effects of the coronavirus pandemic from June 2021 through December 2023. As a Community Development Financial Institution, Pace Finance will use the funding to prepare for and respond to increased demand for financial assistance from businesses, individuals and other organizations affected by the pandemic. The CDFI RRP aims to bolster the capacity of CDFIs like Pace Finance to support their target populations during the ongoing public health and economic crisis.
Quick answers
Who received award 21RRP057571G?
21RRP057571G was awarded to Pace Finance Corporation by Community Development Financial Institutions Fund (Department of the Treasury) on June 15, 2021.
How much is award 21RRP057571G worth?
$1,826,265 has been obligated on 21RRP057571G.
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