The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Altcap $1.5 million under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA #21.024) on June 15, 2021. The two-year project grant aims to support Altcap's ability to respond to the economic impacts of the coronavirus pandemic by preparing for and providing assistance through December 31, 2023. As the stated purpose of the CDFI RRP is to support Community Development Financial Institutions in responding to the pandemic's economic effects, the $1.5 million in funding will presumably enable Altcap to deliver financial and other related services to communities and populations affected by the public health emergency and resulting economic downturn.
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