The African Economic Development Solutions (AEDS) was awarded $300,000 under the Community Development Financial Institutions (CDFI) Fund's Community Development Financial Institutions Program (CDFI Program, CFDA 21.020) Project Grant to promote economic revitalization and community development. Through this award from the Department of the Treasury ending December 2024, AEDS will provide financial products, financial services, development services, loan loss reserves, and capital reserves to...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $625,000 Project Grant to African Economic Development Solutions (AEDS), a nonprofit Community Development Financial Institution (CDFI) located in St. Paul, Minnesota. The grant funding will enable AEDS to deliver financial services, micro-loans, and technical assistance to underserved communities, with a particular emphasis on supporting African immigrant entrepreneurs and businesses....
African Economic Development Solutions received a $540,450 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program. The grant period runs from June 15, 2021 through December 31, 2023. The funding will support African Economic Development Solutions' ability to provide financial and technical assistance to communities and businesses impacted by the economic effects of...
The $300,000 Project Grant awarded on November 21, 2024 by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund (CFDA 21.020) supports the Small Business Empowerment Fund CDFI, a non-profit community development organization, in delivering technical assistance and capacity-building initiatives to underserved communities, particularly Native American regions. The funding enables the organization to provide financial services, loans, investments, and...
The Department of the Treasury's Community Development Financial Institutions Fund awarded $660,000 under the Community Development Financial Institutions Program (CFDA 21.020) to the Economic & Community Development Institute Inc. (ECDI) doing business as Ecdi. This three-year project grant will support ECDI's work to promote economic revitalization and community development through investment in and assistance to certified and emerging Community Development Financial Institutions....
The African Development Center received a $590,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Program. The grant funding will support the Center's provision of financial products, financial services, development services, loan loss reserves, and capital reserves to low-income individuals and communities that lack access to affordable options. The award period is from December...
The $1,250,000 Project Grant awarded to the African Development Center by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program on September 26, 2024 will support the organization's efforts to deliver financial services, loans, investments, and technical assistance to underserved communities, primarily African immigrant and refugee populations in the Minnesota region. As a certified CDFI, the African Development Center will use the funding to expand...
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...
This federal Project Grant award of $1,467,000 from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) aims to invest in and build the capacity of certified and emerging CDFIs. The funding will empower these organizations to grow, achieve sustainability, and drive community revitalization, particularly in Native American and other underserved communities nationwide. The grant recipient, the Community Development Venture Capital...
The $1,350,000 federal Project Grant awarded on September 26, 2024 by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) will enable the Economic and Community Development Institute, Inc. (ECDI), a non-profit Community Development Corporation, to invest in and build the capacity of CDFIs. This funding will empower ECDI to grow, achieve organizational sustainability, and drive community revitalization, particularly in Native American...