The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $112,093 Project Grant to Northwest Access Fund, a certified CDFI, under the Small Dollar Loan Program (CFDA 21.025). The grant is intended to enable Northwest Access Fund to establish and maintain small business loan programs that provide affordable alternatives to high-cost small dollar loans. The funding supports loan loss reserves and technical assistance, allowing Northwest Access Fund...
This $159,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support the Northwest Native Development Fund in establishing and maintaining a small dollar loan program through December 2024. The grant provides funding for loan loss reserves and technical assistance to enable the certified Community Development Financial Institution to offer alternative financing options to underbanked populations. Through the Small Dollar Loan Program,...
The Northwest Access Fund received a $1,088,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund on December 8, 2021 to promote economic revitalization and community development through September 30, 2024. Under the Community Development Financial Institutions Program, the Northwest Access Fund will use the financial assistance to provide $1.1 million in financial products, financial services, development services, loan loss reserves,...
The Department of the Treasury's Community Development Financial Institutions Fund awarded $1.2 million to Northwest Access Fund through the Community Development Financial Institutions Program (CDFI Program, CFDA 21.020) on February 28, 2023. The Project Grant will support Northwest Access Fund's work to promote economic revitalization and community development in underserved areas through September 30, 2026. As a certified Community Development Financial Institution, Northwest Access Fund will...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Program has awarded a $2,400,000 Project Grant to the Northwest Access Fund, a certified CDFI, to support its mission of promoting economic opportunity and financial inclusion for individuals with disabilities in the Pacific Northwest. The grant funding will enable Northwest Access Fund to offer a range of services, including low-interest loans, interest buy-downs, revolving loan funds, and financial training to...
This $135,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support People Incorporated Financial Services' small dollar lending program through June 2025. The Small Dollar Loan Program grant enables certified Community Development Financial Institutions to establish loan loss reserve funds and receive technical assistance grants to develop and maintain affordable small dollar loan programs. These programs are intended to...
This $281,400 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support Community Lendingworks' Small Dollar Loan Program activities through September 2023. The funding will enable the certified Community Development Financial Institution to establish a loan loss reserve and provide technical assistance to increase small dollar lending to underbanked populations. Through this Small Dollar Loan Program (CFDA #21.025), the awardee aims to...
This $122,256 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support the establishment and maintenance of a small dollar loan program through the Small Dollar Loan Program (CFDA #21.025). The grant provides funding to United Bank, a certified Community Development Financial Institution, for loan loss reserves and technical assistance activities that will enable the provision of alternative, affordable small dollar loans to underbanked...
This $105,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support African Economic Development Solutions' small dollar lending program through December 2024. The grant enables the certified Community Development Financial Institution to establish a loan loss reserve and receive technical assistance to provide alternative financing options to underserved communities. Specifically, the funding will help defray costs of maintaining a...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $131,918 Project Grant to First Nations Community Financial through the Small Dollar Loan Program (CFDA 21.025). The grant will enable the recipient to establish a loan loss reserve and provide technical assistance to support a small dollar loan program. This program aims to increase access to affordable capital and credit-building opportunities for underbanked populations through CDFI-administered small...