The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Mission Community Loan Fund LLC, doing business as Adelante Fund, a $1.826 million Project Grant under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA #21.024) on June 15, 2021. The award is to be completed by December 31, 2023.
The CDFI RRP aims to support Community Development Financial Institutions' (CDFIs) ability to address the economic impacts of the coronavirus pandemic in the communities they serve. Specifically, this award will allow Adelante Fund to provide $1.826 million in loans, investments, financial services and other assistance to support businesses and communities affected by the pandemic through December 2023.
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